FINANCIAL SECTOR DEVELOPMENT PROJECT – DESIGN AGENT BANKING BUSINESS MODEL, IDENTIFICATION AND SPECIFICATION OF A SUITABLE BACK-END ICT SYSTEM FOR DELIVERING VIA AGENT AND MAPPING OF POTENTIAL AGENT LOCATION IN GHANA

Project TitleFINANCIAL SECTOR DEVELOPMENT PROJECT  – DESIGN AGENT BANKING BUSINESS MODEL, IDENTIFICATION AND SPECIFICATION OF A SUITABLE BACK-END ICT SYSTEM FOR DELIVERING VIA AGENT AND MAPPING OF POTENTIAL AGENT LOCATION IN GHANA
Client MINISTRY OF FINANCE/WORLD BANK
Assignment Description  CDC Consult Ltd in partnership with AFC have been engaged by the Ministry of Finance / World Bank to support ARB Apex Bank to design and implement effective distribution channels for financial services that will reach the under-served/under-banked segment of the population especially in the rural communities on a shared network of agency banking platform. The project also seeks to expand the existing network of RCBs to provide banking to a larger customer base at low servicing costs and maximum profitably. It is intended to promote a cash-light culture, and provide multiple products and payment facilities through a single agent across the RCBs network. Specific requirements of the assignment include: Designing an agency banking business model including identification and specification of a suitable back end IT system for delivering financial services via agents;Mapping  potential agents’ locations throughout the country; andProviding technical assistance for Branding, Advertising and Industry Sensitisation on Agency Banking and education of Consumers.
Period 2020 – 2021
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