ARB Apex Bank has been admitted to the Ghana-Sweden Chamber of Commerce at a colourful ceremony in Accra.

President of the Ghana-Sweden Chamber of Commerce (GSCC), who led a delegation to present the certificate of membership, revealed that “ARB Apex Bank has been admitted to the Platinum membership."

This membership, Pearl Delali Dorledzi said, confers the highest partnership privileges on the Bank and the Rural and Community Banks (RCBs) in Ghana.”

She said that the Chamber is excited to partner with ARB Apex Bank and RCBs in Ghana to bring the needed interventions in the rural areas.

Madam Dorledzi added that “key areas of our partnership interventions include, women empowerment, capacity building and training."

She stated that the Chamber is also happy to help bring in the needed support especially because of the wide network of branches of the banks.”

Benefits to banks

Kojo Mattah, Managing Director of ARB Apex Bank who received the certificate on behalf of the Bank stressed that “we shall ensure membership of the Chamber benefits our member banks.”

He indicated that through initial engagements which led to “our admission to the Chamber, the Bank has started reaping some benefits as a member of the Chamber, an Information Communications Technology Solutions firm, has already has offered to provide a Cybersecurity solution to the Bank at a highly subsidised cost.”

This solution would support the Bank to ensure confidentiality and integrity of transactions performed on its electronic platforms as part of Bank of Ghana’s Cyber and Information Security Directive.

The COVR Security solution, which was originally priced at US$465,000 was discounted by 96 percent as part of their Corporate Social Responsibility in recognition of the role ARB Apex Bank plays in serving the RCBs in driving the financial inclusion agenda of government in the deprived areas of the country.

COVR Security, is a Swedish Technology Company that provides mobile multi-customer authentication for Banks, Payment Network, and Credit Card Companies throughout the world. They are represented in Ghana by Floodgate Limited.

They are hoping to use their partnership with ARB Apex Bank and the RCBs in Ghana as a springboard into other countries in the West African sub-Region.

GSCC is a non-profit umbrella organisation that promotes bilateral relationships in Business, Trade, Technology and Innovation, Education, Sports, Culture, etc., between Ghanaian and Swedish businesses.

Businesses and individuals are required to be members of the organisation before such bilateral partnerships are promoted.