Some banks in previous years were not involved in the annual event following complications with the criteria for selection.
The awards scheme based on both quantitative and qualitative data was officially launched yesterday July 10th 2014.
Speaking to Citi Business News, the Chairman of the Awards Planning Board, Nana Otuo Acheampong said, “This year every bank is a candidate because the majority of the awards are based on quantitative data, in previous years the qualitative data was more and therefore with the qualitative data you’ve got to have the permission of the banks to do it”.
According to him a survey for the qualitative data will start immediately. “There are four areas that we are surveying and the rest of the areas are Based on pure quantitative data that through section 81 of the Banking Act we’ve been able to assemble”.
Assurance for both data analyses are provided by auditing firm, Ernst & Young to ensure integrity of the process.