Republic Bank Ghana to double GH₵3bn loan advances with ‘Republic Verse’ initiative
The Managing Director of Republic Bank (Ghana) PLC Dr. Benjamin Dzoboku has disclosed that the bank has grown many small businesses from the informal sector to large scale businesses.
He stated that one of the bank’s core mandate is to support and keep small businesses and nurture them into giant companies through innovative ideas.
Mr. Dzoboku assured that the bank will double its loan portfolio for businesses from the current over GH₵3 billion during the implementation of its new idea of Republic Verse.
“Republic Verse just simply means we are in our own universe. Therefore, we need to identify the issues that are confronting our mother Ghana and how Republic Bank can help solve those problems. So we are in the universe with people and the people must be happy. That is exactly what we are doing, and that is helping to drive the bottom line”, he explained on the Super Morning Show on June 26, 2025.
He stated that the bank is seeking to achieve the target with Republic Verse in five years, assuring that there is a strong team on standby to help realize the goal.
“My team, understands my vision and what we want to do. We have set up a five-year strategy, which we call Republic Verse. We are currently in the second year”, he said.
He cautioned that the core duty of banks is to invest in small businesses to grow, and not just rely on government securities for profit.
“We are looking at the informal sector, from the informal sector to the retail and commercial, the SMEs, the corporate. If you look at our financials, check the other competitors. Theirs is just looking at government investment, but if you look at the needs of our portfolio, you realize that we are more into loans than investment”, he stressed.
Mr. Dzoboku revealed that the modus operandi has been one of the major initiatives of the bank to keep its customers.
He assured that Republic Bank will continue to invest in small businesses to help create jobs and generate revenue for individuals, private sector and the government.
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