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West Africa Banking Awards launched

By Toma IMIRHE

The inaugural West African Banking Awards have been launched in Accra. The awards which will be held next year, will be held under the auspices of the Business In Africa publishing group, which publishes the pan-African Business in Africa magazine as well as a prominent local bi-weekly business newspaper in Ghana, Business & Financial Times.

The launch of this year’s awards was done at a gala dinner at La Palm royal Beach Hotel last week during the maiden two-day West African Banking Congress, also organized by the Business in Africa Group. Indeed the maiden awards will be held at the 2009 West African Banking Congress which the organizers have promised to make an annual event. The awards will recognize best banking practices across the sub-region.

The inaugural West African Banking Congress attracted senior professional bankers, economists, IT experts and the likes from across Anglophone West Africa, particularly Nigeria and Ghana. Issues addressed by various presentations during the congress included global trends in banking, regional expansion case studies, key enablers for regional expansion and integration, the West Africa Monetary Zone Payment System, and securities integration, global brand positioning for success and e-payments and transactions among others.

Edith Dankwa, Group Managing Director of the Business in Africa Group, noted during the congress that although the banking industry in West Africa is one of the most rapidly expanding industries, the potential has not been fully tapped.

The organizers of the congress are now looking ahead to their regular pan-continental event, the African Business Leaders Forum, a gathering of business leaders in the private and public sectors. This year’s edition, the sixth, will take place in London next month.

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