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Corporate entities in Ghana have been donating financially to support the 60th Independence anniversary celebrations of the country.
This follows calls from the government for them to support the events to mark the anniversary. This will reduce the spending from the public purse.
In a response to the call, UMB has donated an amount of GHC 100,000 towards Ghana’s 60 Years Celebrations.
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The amount would be given to the ultimate winner of the Jubilee Innovation Challenge, which was launched by the Minister of Information, Mr Mustapha Abdul-Hamid.
The target group for this challenge is the Ghanaian youth. All interested entrants are expected to develop mobile Apps that can be relevant to the Ghanaian way of doing things in everyday life and in the business sector.
The competition is opened to persons between the ages of 18 to 35 years. The Universal Merchant bank is providing a cash price of Ghc 100,000.00 for the overall winner.
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The Chief Executive Officer of UMB, John Awuah, said “UMB is proud to be associated with a competition that provides a platform for Ghanaian youth to demonstrate to the world how innovative they could be."
He said they did not hesitate to partner the committee on the app challenge because it involves some main factors needed for Ghana's development; youth and innovation.
“I am looking forward to the gems of innovation that are going to spring forth through this competition,” Mr Awuah added.
The Coordinator of the competition, Abyna Ansaa Adjei, encouraged the youth to actively participate in the competition to show the world what the youth in Ghana can do.
UMB is a full-service financial institution specialising in customised banking products and services.
It opened on March 15, 1972 and is a leading Ghanaian indigenous bank with considerable financial expertise.
UMB is recognised for its entrepreneurial approach, innovative use of technology, and distinctive banking solutions.
It currently has 31 branches, one UMB Centre for Businesses and a vast network of ATMs.