Stanbic Bank introduces ‘Quickfees’

 Mr Benneh (right) exchang- ing the signed agreement with Mr. Appiah

Mr Benneh (right) exchang- ing the signed agreement with Mr. Appiah

Stanbic Bank Ghana has launched its latest product to support the growth and operations of educational institutions in the country.

Dubbed ‘Quickfees’, the product, according to Nana Dwemoh Benneh, Director, Personal and Business Banking, Stanbic Ghana, was to help students pay their fees without challenges and delay as well as enable the school reconcile collections to ensure proper accounting practices.

Speaking at the launch in Accra, he said the product would offer customers’ convenient means of paying school fees, save time and ensure security of payment.

It would further ensure risk of forgeries are eliminated as schools, students and parents would be verified and facilitate quick and easy final reports preparation, he stated.

The product, Mr Benneh said would help in addressing the financing needs of schools through short term loans, long term loans for expansion and construction needs and facilitates the acquisition of assets including vehicles by schools.

The bank, he added was committed to introducing innovative products that would impact positively on businesses and lives of customers.

Nana Eric Appiah, President, Ghana National Association of Private Schools (GNAPS), said the group has signed on to the product to enable members take advantage of it to improve their financial operations and gain access to financial support to spur growth and expansion.

He expressed gratitude to the bank for painstakingly going through the process to develop a solution to the financial challenges faced by many educational institutions and urged the members to sign on to the product.

By Claude Nyarko Adams

 

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