In line with the UBA Group’s proactive nature, the Bank embarked upon a rights issue, which has been successfully completed. The entire deposit for shares received, has significantly raised shareholders funds to over GHC60 million as required by the Bank of Ghana.

The Bank of Ghana set the end of December 2009 for all foreign owned commercial banks in Ghana to have a minimum capitalization of GHC60 million to be able to operate on a universal banking license while indigenous banks have up to 2012 to meet this new capital requirement.

UBA (Ghana) Limited is a subsidiary of the United Bank for Africa PLC which is one of Africa’s leading financial institutions offering services to more than 7 million customers from 750 branches through about 15,000 employees and over 2000 ATMs in 19 countries.

With presence in New York, London and Paris, UBA is connecting people and businesses across Africa through retail and wholesale banking, innovative cross-border payments and collections, trade finance, investment banking and a state of the art electronic banking platform.

UBA (Ghana) commenced operations nearly five years ago with its revolutionary Cashless Account which for the first time brought banking to the door step of all Ghanaians. Already, UBA (Ghana) has a footprint of 26-networked branches, and 40 ATMS (VISA enabled) and over 500 employees spread across Accra, Tema, Kumasi, Takoradi and Aflao.

UBA (Ghana) was recently awarded the Best Bank in Customer Service which is a testament to the Bank’s avowed commitment to provide Customer Centric banking solutions to the Ghanaian public.