Managing Director of Republic Bank, Dr Benjamin Dzoboku, has revealed that the bank is rolling out a new six-pillar strategy to strengthen its position in the financial sector and broaden access to banking services for Ghanaians.

Speaking on Joy FM's Super Morning Show, on Thursday, June 26, Dr Dzoboku explained that the pillars target critical areas of economic development, including support for small businesses, digital transformation, mortgage financing and wealth management.

“We have six pillars that we are dealing with,” he said. “I took my time with my executive managers to understand them because you must bring them along.”

One key area of focus is support for micro, small and medium enterprises (MSMEs).

According to Dr Dzoboku, this group represents a standalone pillar due to its importance in job creation and economic resilience.

“Within these pillars, we have this initiative for the SMEs; we have this initiative for corporate and mortgage,” he said, adding that Republic Bank currently offers “the lowest rate in the country” for mortgages and plans to expand its offering to increase competition in the market.

Dr Dzoboku emphasised the need to address Ghana’s housing shortfall through inclusive financing solutions.

“We want every Ghanaian at least to have a roof over their heads in the country,” he said.

Another major component of the bank’s strategy is digital transformation. He noted that technology is crucial to achieving efficiency and broadening access. The bank is also strengthening its wealth management and pension services.

“I believe that a lot of Ghanaians have money, but how to manage their resources is key,” he said. “Our investment wing is taking care of that.”

Republic Bank, he added, is the only bank in Ghana with all three pension services: custody, trust, and fund management.

“We need to help our people to save money for their retirement, and then how to manage their resources,” he said.

“In the event of contingencies, they will be able to handle themselves.” The bank calls the new strategic vision “The Power to Make a Difference”.