Ghana’s first private bank, the Metropolitan & Allied Bank (Gh) Ltd. (MAB), began operations as a commercial bank, in October 1995. Providing universal banking services, we introduced Ghanaians to a new form of banking; partnership banking. It is our business philosophy to achieve mutual growth through partnership banking.
We understand that the growth of our business is linked directly to the growth of our customers’ businesses and we ensure that our customers are adequately equipped for their effective growth and development. We work diligently at remaining innovative so that at all times, our products and services are tailored to meet their specific needs. We commit ourselves to their sound growth and protection of their assets.
On the one had we mobilize our customers resources and invest them prudently to enhance their value. On the other, we consistently provide them with sound business and banking advise in order to structure their financing for optimal growth and maximum profitability. Building partnership for growth and development is really good for our customers and us. They are satisfied and our performance is good. For them, we could not be better.
Metropolitan and Allied Bank (Gh) Ltd. (MAB) is dedicated to forging a strong partnership with our customers for the effective Growth and Development of their Business through the provision of an innovative, competitive and complementary range of flexible products and services. We believe that as the business of our customers grows, so does our own business.
In line with the mission MAB’s objectives are:
1. The provision of quality needs-based and innovative banking services to our customers.
2. Operating our business on the highest standards of efficiency, quality and prudence, striking an optimum balance in the maintenance of our security, liquidity and profitability.
3. Providing our customers new contacts and opportunities for business especially in context of the Far East, USA and South Africa.
4. Ensure the effective growth and development of our customers’ business through the provision of effective and prudent financial support and advise.
5. To emphasize the building of a strong partnership with all our customers, with a special focus on the small scale enterprises.
6. To ensure that we grow together with the growth and development of our customers.
The combination of Ghanaian Vision and Malaysian Insight has been translated into world class banking services for Ghanaians.
As the first private Banking Institution in Ghana, the Bank’s share-holding is a unique blend of Local and Foreign Investors from the corporate to individual levels. These include :
Business Focus Capital Malaysia Sdn. Bhd.
Social Security and National Insurance Truse (SSNIT)
Home Finance Company (HFC)
In addition to the Corporate shareholders, the bank is also supported by a strong group of Ghanaian professionals and businessmen holding shares in various amounts comprising 45% of the Banks total shares. They are led by Mr. Alex Ashiabor, former Governor, the Bank of Ghana; former Head of Commodities Division of UNCTAD, the United Nations (based in Geneva, Switzerland).
Date of Incorporation
1st December, 1994
Areas of Interest with Foreign Investors:
The Metropolitan and Allied Bank is interested in working with foreign investors in the following areas:-
Provision of services for managing their funds flow and funds management needs in Ghana.
Provision of advisory services to assist them in setting up their investment facility in Ghana.
* Provision of money transfer services to and from Ghana
Provision of services to ink the foreign entrepreneurs with local counterpart to promote their projects.
Providing financial support for working capital in Ghana.
* Metro Money Transfer
The Metro Money Transfer is a funds transfer facility, which assures safe, secure, fast and efficient transfer of money to and from Ghana. The Metro Money Transfer is reliable. Money is received safely and promptly and beneficiaries have the choice to be paid either in foreign currency or cedes.
Simply contact our authorized agents, or their accredited agents and they will effect the transfer on your behalf. The procedure are as follows:
Instruct your bank to debit your account or pay your currency equivalent in cash over the counter.
Instruct your bank to pay our correspondent bank for the account of Metropolitan and Allied Bank (Gh) Ltd. Valco Trust House, Accra, Ghana.
Instruct your bank to further instruct our correspondent bank to remit the funds to Metropolitan and Allied bank (Gh) Ltd. for your beneficiary’s Account in the Metropolitan and Allied Bank (Gh) Ltd. Accra, Ghana, or pay over the counter upon identification and production of a code number (where applicable) plus any of the following:-
Voters ID Card
Payments under money transfers are IMMEDIATE. We contact the beneficiary as soon as the remittance is received and make available the funds to the beneficiary on proper identification and production of a code number from the remitter plus a Passport or Voters ID or Driving License.
Pick up and complete a copy of the MAB Form B1. Attach a covering letter and provide the following information:
Name and address of Beneficiary
Account number of Beneficiary
MAB will effect the transfer on your behalf.
We provide below the list of our Correspondent Banks:
UNITED STATES US$
335 MADISON AVENUE
NEW YORK NY 10017
ABA NO. 026/00/9580
M.A.B A/C NO. 5740-731-587-41
111 WALL STREETEW YORK
M.A.B A/C NO. 36023423
UNITED KINGDOM £ GERMANY DEM
CITIBANK NA CITIBANK AG
P.O.BOX 199 GLOBAL TRADE FINANCE
CONTTONS CENTRE NEUE MAINZER STR.75
HAYS LANE D- 60311 FRANKFURT
LONDON SE12QT GERMANY
SWIFT CODE: CTTIGB21
M.A.B A/C NO.4115648018
SORT CODE: 185008
|M.A.B A/C NO. 8354707
JAPAN YEN HOLLAND
STATE BANK OF INDIA ABN AMRO BANK NV
YURAKUCHO DENKI BLDG FOPPING ADRAF 22
SOUTH TOWER 352 1102 BS AMSTERDAM
7-1 YUROKUCHO - CHOME PAC AA4330
SHIYODA -KU TOKYO 100
M.A.B A/C NO. 482618302
C.P.O. NOX NO. 580
M.A.B A/C NO.37930103
PERWIRA AFFIN BANK BERHAD ABN AMRO BANK NV
3RD FLOOR WISMA SPR 302 DALAMAL HOUSE
JALAN SULTAN ISMAIL MARIMAN POINT
50250 KUALA LUMPUR BOMBAY 400021
M.A.B A/C NO. 2128233
Mr. Alex Ashiabor – Executive Chairman
MAB management structure is headed by the former Governor of the Bank of Ghana and Head of UNCTAD, Geneva, Mr. Alex Ashiabor, as Executive Chairman supported by a team of highly qualified and experienced management personnel whose profiles are outlined below:
Hj Razali Mohamad (MBA) - General Manager 1
Hj Razali Mohamad is the General Manager/Alt Director of the Metropolitan and Allied Bank (Ghana) Limited.
A well trained banker and manager, he has a first degree in Economics and an MBA from the Asian Institute of Management. He also holds managerial training licentiates in Managerial Problem Solving, Decision Making, Motivation and Attitude Development.
He has worked as Administrative officer in the Malaysian Ministry of Finance, and has served Bank Bumiputra Malaysia Bhd in various capacities covering key aspects of Bank management as the Bank’s Loans Processing Officer, Public Relations & Business Development Officer, Relief Manager, Credit and Management Trainer, Departmental Credit Manager, Branch Manager, Regional Head for Commercial Banking and Senior Manager for the Bank’s Consulting Team.
He resigned from the bank to join the Business Focus Group of Companies, an International Business Conglomerate, as its General Manager in 1996 and was then seconded to the Metropolitan and Allied Bank Ghana Ltd., to serve as its Senior General Manager/Alt Director.
Mr K. P. Rao (B Sc) - General Manager 2
Mr. K. P. Rao is the Bank’s General Manager, Operations. He is a veteran Indian banking professional with 30 years banking experience behind him with the State Bank of India, including more than two decades in Industrial Finance. He has a BSc Physics and Mathematics and is a fellow of the Chartered Institute of Bankers, UK
Mr Raymond K Acolatse, B Sc (Hons) - Manager Credit .
He has worked with a number of organisations including Rothmans International plc of the UK in the field of marketing .
He then helped to establish Ecobank in Ghana where he worked in various capacities as Regional Trade Co-ordinator, Asst Credit Manager and Head of General and Internal Services. He is currently in charge of the Bank’s Credit Department.
Mr. Robert A Okine - Manager, Treasury
Mr. Okine has worked for more than twenty-five (25) years. He worked in the Administration Department of the Bank of Ghana for seven (7) years and thence to the Domestic Operations Department, Rural Finance Department and was at one time a personal assistant to the Governor for two (2) years. He is now the head of Treasury Department of the Bank.
Mr. Aaron F Goza, BA (Hons), PGCE, DPA
Manager, Admin and Human Resources Department
Mr. Goza has seventeen (17) years working experience. He has worked as an Administrator in the Civil Service and the Volta River Authority. He currently heads the Administration and Human Resources Department of the Bank.
Mrs. Mary Kessie (LLB/BL) - Manager Marketing
Trained as a Lawyer, Mrs. Mary Kessie served for many years in the Ghana Commercial Bank (GCB). She was Secretary to GCB’s Board of Directors by the time she left to join the Metropolitan and Allied Bank as its Marketing Manager in 1995.
Mr. F.W. Kukuia, CA (Ghana) - Manager, Accounts
Mr. F.W. Kukuia is a member of the ICA (Ghana). Before joining the Bank he worked with the Anlo District Administration and with KPMG Peat Marwick OKOH & Co, (firm of Chartered Accountants).
Mr. Ernest Tawiah Nunoo, BSc (Maths) -
Manager, Information and Technology Department ,
Mr. Ernest Nunoo has sixteen (16) years working experience to his credit. He worked at Peat Marwick Okoh, & Co and then worked at the Ghana Commercial Bank. He joined the bank in 1995 as an Assistant Manager, Systems Department. He is in charge of the Information Systems Department.
Mr. Clifford Duke Mettle, ACIB (UK) -
Manager, Banking Operations
Mr. Clifford Duke Mettle has about fourteen (14) years working experience to his credit. Before he joined the Bank he worked with the Ghana Commercial Bank, mainly with the Foreign Operations Department.
Mr. Kofi Akwaah (BA [Hons], DPA
Manager, Legal Department
After obtaining his BA (Hons) Degree in Philosophy, Mr. Akwaah worked as an Administrative Office with the Ghana Civil Service from 1972 to 1983. He joined the Attorney General’s Department as an Assistant State Attorney for 1 year after being called to the bar in 1883 and thereafter took an appointment with the CFAO Ghana Ltd. as a Legal Advisor and Company Secretary until 1999 when he joined the Bank as the Head of Legal Department and Secretary to the Board.
Mr. Simeon Tawiah , (MBA, BCom, Dip.Ed)
Officer in Charge, Internal Control
Mr. Tawiah joined the bank in January 1998 as an Accounts Officer after his Masters Degree in Accounting. He is now the Officer-in-charge of the Internal Control Department.
Mr. Sebastian Fred Deh, B. SC. Agriculture
Officer in Charge, Credit Department
Prior to joining MAB in 1995, Mr. Deh had 4years working experience in various areas including Inventory Management – ARCO Gh. Incorporated, Sales Management - Sorder Ent. and Research with the Agric Extension Dept . of the University of Ghana.
He has served as credit officer with MAB for 3years and specialised in Micro Enterprise Finance. He is currently the Officer in Charge of the Credit Department.
Mr. Daniel Ankrah BSC Admin.
Branch Manager, Makola
Worked 8 years as a qualified social worker at the Department of Social Welfare where he worked in the Planning and Budget Division. He has a degree in Banking and Finance, worked with the Banking Operations Department of this Bank for three years. Currently, he is the Manager of the Makola Branch.
Mr. Kofi Owusu-Darko, ACIB (UK) ICS Diploma, UK. Assistant Manager Operations, Makola Branch
Started work as Clerk in Barclays Bank Ghana. He then completed his ACIB in 1992. Having qualified as an independent financial advisor, UK, he worked for SIGMA Management and financial Services as a Financial Consultant. In 1996 he came back to Ghana to serve in the Metropolitan and Allied Bank (Gh) Ltd.Currently, he is the Manager in charge of the Tema Branch.
|© World INvestment NEws, 1999.
This is the electronic edition of the special country report on Ghana published in Forbes
December 13th 1999 Issue.
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