The International Day of Family Remittances (IDFR) was adopted
by the United Nations General Assembly and is observed on 16 June every year.
The Agricultural Development Bank PLC(ADB) was the first Bank in
Ghana to introduce remittance services to the Ghanaian public.
In 1995, ADB became the sole agent for Western Union in Africa
with all other banks and agencies like Global Access and Ghana Post acting us
sub-agents.
The Bank enjoyed the exclusive right till 2009 when the Bank in
its effort to serve its customers with other remittance services came into an
agreement with Western Union to allow other interested parties to become
agents.
With over 87 branches nationwide, customers in peri-urban areas
are able to receive money from their loved ones abroad.
So that with ADB remittance services customers in areas like
Juaboso, Tumu, Wa, Kpassa are able to receive money from their loved ones
abroad without having to travel to the capital city.
The Bank is currently in partnership with top leading remittance
agencies across the world, with the aim of providing secure, convenient and
reliable service to its customers.
Western Union International
Western Union is the leading money transfer organization across
the globe. This makes the Bank one of the leader in the remittances business in
the country.
MoneyGram
MoneyGram is currently the second leading worldwide remittances.
As usual ADB has been a key partner of the operators of this product since 2009
thus establishing an enviable relationship with them. Currently ADB is among
the leading providers of this service.
The Bank is the sole partner for Moneygram’s flagship product,
Cash-to-Account, where transactions are automatically deposited into customers
account directly.
Ria Money
Ria is the third largest worldwide remittance company in the
World. Their mission is to be the most progressive money transfer company in
the world, offering service excellence and the most competitive and reliable
remittance payment services to its customers. Ria is also committed to
best-in-class business relationships with its global agent and correspondent
network, based on the principles of mutual respect, fairness and generally
accepted business practices. The Bank has been in relationship with the
operators of Ria for over the past ten years.
Additional Products:
In addition to the above products, ADB also in partnership with
various MTOs to operate the following remittances services
a. Transfast Money Transfer
b. UnityLink Money transfer
c. Zeepay
SUB-AGENCY
In ensuring that the remittance services are available
throughout the country, ADB has collaborated with one of the organizations in
the country with the widest network, Ghana Post Company Ltd, for them to
provide these services at their over 150 post offices across the country. This
has lessen the burden of those who hitherto needed to travel to the city
centers to redeem their remittances sent to them by loved ones.
ADB currently offers Remittance Services in all its 87 locations nationwide
with 26 of its branches offering weekend services and six branches namely Accra
New Town , Ring Road Central, Abeka Lapaz, Madina , Kasoa and Nungua branches
opened to the public on holidays for remittance services.
Happy International Day of Family Remittances.
Source: Selorm
Amevor, Head, Marketing & Communications Agricultural Development Bank PLC