Kwamina Asomaning, MD of Stanbic Bank, Elected President of Ghana Association of Banks (GAB)

Kwamina Asomaning, the Managing Director of Stanbic Bank Ghana, has been appointed as the new President of the Ghana Association of Banks (GAB), succeeding John Kofi Adomakoh, who recently completed his tenure following his departure from GCB Bank Plc.

In an official statement, the Ghana Association of Banks expressed its sincere gratitude to Mr. Adomakoh for his tireless and dedicated service to the banking sector throughout his time in office. His leadership was acknowledged for making significant contributions that helped shape the development of the banking industry in Ghana. Mr. Adomakoh’s work played a crucial role in the industry’s growth and in ensuring that it navigated a dynamic economic landscape effectively.

The GAB also extended a warm welcome to Mr. Asomaning as the new President and emphasized the wealth of experience he brings to the table. With a strong background in both local and international banking, Mr. Asomaning is widely recognized for his leadership, which is driven by a commitment to innovation and excellence. His strategic approach to banking is expected to bolster the objectives of GAB, which include enhancing collaboration within the sector, strengthening financial stability, and promoting sustainable growth for the benefit of the Ghanaian economy.

Mr. Asomaning’s leadership at Stanbic Bank Ghana has been marked by a number of achievements. The bank has earned recognition for its customer-centric approach, innovative financial solutions, and commitment to sustainable banking practices. His ability to position the bank as a key player in Ghana’s financial services sector makes him an ideal choice to steer GAB towards greater industry collaboration and modernization.

As GAB’s new president, Mr. Asomaning’s primary focus will be to continue fostering a positive environment for collaboration among banks, regulators, and stakeholders in the financial sector. He aims to focus on promoting financial inclusion, improving financial literacy, and building stronger ties between the banking industry and other sectors of the economy. His leadership is expected to contribute to an improved regulatory framework for the sector and create a more resilient banking environment that is better equipped to meet the challenges of the evolving global economy.

In addition to Mr. Asomaning’s appointment as President, the Ghana Association of Banks also confirmed the re-election of other key executives. Hakim Ouzzani, the Managing Director of SG Ghana, has been re-elected as Vice President. Meanwhile, Henry Onwuzurigbo, the Managing Director of Zenith Bank Ghana, will continue to serve as the Treasurer of the association. The leadership team is now poised to work together to tackle the challenges facing the sector and drive its growth in the years ahead.

GAB’s focus under this new leadership will be on creating opportunities for innovation, driving collaboration between the banking sector and other industry players, and ensuring the continued stability of the financial ecosystem in Ghana. As the sector faces an increasingly complex and competitive global financial environment, the association’s priority will be to help Ghana’s banks remain agile, responsive, and proactive in meeting the evolving needs of their customers.

Mr. Asomaning’s appointment reflects the confidence the Ghana Association of Banks has in his ability to drive the sector forward, ensuring that it continues to evolve and remain an essential component of the Ghanaian economy. With a clear vision for the future, GAB under his leadership is set to foster an environment conducive to long-term, sustainable growth in the country’s banking industry.

As the new President of GAB, Mr. Asomaning is ready to continue the legacy of his predecessor and build on the achievements of GAB, focusing on advancing industry standards and enhancing the overall banking experience in Ghana.