Kofi Ahovi

  Ghana’s housing sector, grappling with an estimated two million-unit deficit, is poised for a significant boost as the State Housing Company Limited (SHC) and Republic Bank have signed a new mortgage partnership. This initiative aims to alleviate long-standing affordability challenges and enhance access to home financing for Ghanaians. The memorandum of understanding (MoU), signed in Accra, is expected to broaden mortgage accessibility across various income brackets, tackling one of the most persistent bottlenecks in the country’s real estate market. Despite a strong demand for housing, many potential homeowners find themselves locked out of the formal housing system due to limited access to mortgage financing. According to the World Bank, Ghana requires between 70,000 and 133,000 new housing units each year. However, only about a third of this demand is currently met, with much of the available supply skewed towards high-end properties that are often unaffordable for middle- and...

  Mortgage industry leader, Republic Bank Ghana, is set to further entrench its dominance in the industry with its  Mortgage Tax Incentive Plan  and flexible payment options. The Mortgage Tax Incentive Plan according to the Bank’s newly appointed Managing Director, Benjamin Dzoboku, will help mortgagors reduce home loan repayments. Speaking exclusively to  norvanreports,  Dzoboku noted Republic Bank through the plan will help mortgagors apply for tax reliefs on mortgages. Already, we have the flexible payment options where mortgagors can pay off mortgages within the shortest possible time based on our flexible payment structure. “But there is also the Mortgage Tax Incentive Plan which is currently being driven by the bank, with the tax incentive plan, the bank helps mortgagors to access tax reliefs so they are able to pay for their mortgages stress-free,” Mr Dzoboku remarked. Speaking further in the interview, Dzoboku averred Republic Bank through the tax i...

 Republic Bank (Ghana) PLC is a subsidiary of Republic Financial Holdings Limited (RFHL) of Trinidad & Tobago. Republic Bank is a leading universal banking institution in Ghana and arguably the most diversified financial institution. As a one-stop financial institution, our services include corporate, commercial and retail banking; investment banking; mortgage banking, custody services, trust management and microfinance. We understand that banking is not a repeat purchase of our services by our customers, but a development process where we provide services by appreciating our customers’ needs and building deeper and more effective customer relationships. Having this as the thrust of our business, we provide innovative products that cut across our varied customer base. Our parent company, RFHL, is the largest and most profitable independent bank in the English-speaking Caribbean, having served the region for over 180 years. As of the end of the 2021 financial year, the total ass...

 Republic Bank (Ghana) PLC, at a meeting of the Board of Directors held on March 15, 2022, appointed Benjamin Dzoboku as the new Managing Director of the Bank to succeed Farid Antar on his retirement. The Bank of Ghana granted approval to the appointment on 10th May 2022. Antar retires from the Bank on July 15, 2022, after over 42 years of exceptional service to the Republic Financial Holdings Group (RFHL), Trinidad and Tobago, with his last three years spent at Republic Bank (Ghana) PLC. Mr. Dzoboku’s appointment takes effect on 15th July 2022. Profile of Benjamin Dzoboku Benjamin Dzoboku joined Republic Bank (Ghana) PLC (then HFC Bank (Ghana) Ltd) in January 2007 as the Head, Risk Management from SG-SSB where he started his banking career as an Internal Auditor. Prior to this, he worked with Pannell Kerr Forster (PKF Ghana) as a Senior Auditor. He has over the years held several positions of responsibility at Republic Bank including, Head, Internal Audit; Financial Controller; Tr...

  Republic Bank Ghana has introduced four Visa Credit Cards onto the market. Joining the few in competition to stay relevant in the banking space, the cards will allow individuals and businesses to have easy access to credit and pay later. Dubbed “The Fantastic 4”, the Visa Credit Cards are the Visa Adeshie, Visa Classic, Visa Infinite and Visa Business. Unlike the very few offering same products which target the elite in society with deep pockets, the Republic Bank has lowered the threshold to enable more people to access it. It also forms part of a pragmatic step towards driving a cashless society as envisaged by the government. Benefits The bank’s Adeshie and Visa Classic Credit Cards have been designed to meet the needs of salaried workers and income earners in Ghana. These two cards offer a limit of up to GH¢100,000 with an interest free period of 45 days. The Visa Infinite Card, the top of range cards in the Visa Card portfolio serves the need of the high net worth giving the...