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Stanbic Bank Ghana has reiterated its commitment to supporting the youth in building their own businesses to drive economic growth.
According to the bank, the youth who represented 57 per cent of the population, were the future of the country and needed to be provided with access to financial literacy and services to help them achieve their entrepreneurial dreams.
Speaking at the launch of the Stanbic Bank Youth Banking product in Accra, the Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning, said Ghana’s future rested on its large number of young people, and that “Stanbic Bank is exploring ways by which we can drive their growth.”
He said investing in the potential and aspirations of the youth were crucial for the sustainable growth of the country.
“The youth represent future the future leaders, innovators, and workforce of our society, by providing them with opportunities for education, skill development, and mentorship, we empower them to contribute meaningfully to the economy and society,” Mr Asomaning stated.
He said the energy, creativity and perspectives of young people were essential for driving innovation, progress and social development, emphasising that “Supporting and nurturing the youth is not only an investment in their future but also an investment in the future prosperity and stability of our nation.”
Mr Asomaning said the Youth Banking product had three pillars, namely transact, learn, and connect.
He said the product was meant to provide them with seamless banking support to meet their specific needs, create platforms and environment where they could connect and be creative and thrive.
The Head of Personal Banking of Stanbic Ghana, Harry Opoku-Agyemang said the Stanbic Bank Ghana Youth Banking product was opened to the youth below 25 years.
He said the product had two distinctive accounts which catered for the different needs of the youth, namely BluFirst Account and GenBlu Account.
For instance, Mr Opoku-Agyemang said the BluFirst Account was an interest-bearing account designed for the aged 0-17 and allowed the young customers to begin their financial journey with the support of a parent or guardian, adding that it included such as digital banking services, free SMS alert and piggy bank to promote early saving habits.
He explained that the GenBlu Account for individuals aged 18-25 offered affordable, nom-maintenance-fee banking with an opening balance as low as GHC20.00, adding that the GenBlu customers could gain access digital banking services at all times.
The Head of Personal and Private Banking, Benjamin Mensah said the Stanbic Youth Banking product was a technology driven product to meet the needs of the youth.
He said the product had bouquet of solutions to providing for the financial and literacy needs of the youth.
The Head of Youth Banking, Nana Serwaa Bossman said the Stanbic Bank Youth Banking was to attract and nurture the youth for the growth of the bank.
Source: GNA
