Skip to main content

Yaa Naa applauds Stanbic Bank for contributions to the development of Dagbon

Yaa Naa, Stanbic Bank, Dagbon Traditional Area

Kwamina Asomaning, Chief Executive Officer, Stanbic Bank Ghana, presenting the cheque to representatives of the Yaa Naa.


Stanbic Bank Ghana has donated GH¢200,000 to the Dagbon Development Fund, which is spearheading the redevelopment of the historic Gbewaa Palace in Yendi.

The donation forms part of the bank’s broader commitment to strengthening ties with the Dagbon Traditional Area and supporting community-driven development initiatives within the kingdom.

Presenting the cheque to the Overlord of Dagbon, Ya Naa Mahama Abukari II, the Chief Executive of Stanbic Bank Ghana, Kwamina Asomaning praised the traditional leader for the stability and growth witnessed in the area under his leadership.

According to him, the peace and unity currently prevailing in Dagbon have created an enabling environment for development and investment, adding that the bank was proud to contribute to such a transformational initiative.

“We are honored to support this important project because development thrives where there is peace and visionary leadership. The remarkable progress being witnessed in Dagbon today reflects the Ya Naa’s commitment to unity, growth, and the welfare of his people. As a bank, we are proud to partner with the kingdom on this journey,” he said.

He also commended the ongoing reconstruction of the Gbewaa Palace, describing it as a project of great cultural and historical significance not only to Dagbon but to Ghana as a whole.

Mr. Asomaning further assured the traditional authority of Stanbic Bank’s readiness to continue supporting initiatives that promote economic empowerment and social development within the area.

Receiving the donation, Ya Naa Mahama Abukari II expressed appreciation to Stanbic Bank for what he described as a timely and meaningful contribution towards the palace redevelopment project.

The Dagbon overlord noted that the relationship between the kingdom and the bank has remained strong over the years and acknowledged the role Stanbic Bank continues to play in supporting economic activities within the area.

“We value the longstanding partnership we have shared with Stanbic Bank. Beyond banking services, the institution has consistently demonstrated its commitment to the development and progress of Dagbon. This support towards the reconstruction of the Gbewaa Palace is deeply appreciated,” the Ya Naa stated.

He added that the bank’s operations in the kingdom have positively impacted livelihoods and contributed to improving economic opportunities for residents across the traditional area.

The reconstruction of the Gbewaa Palace is expected to preserve the cultural heritage of the Dagbon Kingdom while serving as a symbol of unity and renewal for the people of Dagbon.


 

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...