Stanbic Bank Rolls Out Solar ATMs In Ghana

Accra, Sept. 11, GNA - Stanbic Bank has rolled out the first solar powered offsite ATMs to enable its customers access cash, when power outages occur.

The solar powered ATMs have also been rolled out to provide a reliable, cost efficient alternative to running ATMs during the ongoing power outages.

Mr Farihan Alhassan, Head of Customer Channels Stanbic Bank, said this would come as a relief to those, who rely on ATMs rather than traditional banks, to make financial transactions.

'As a customer conscious bank, we definitely need to ensure that clients readily access their money whenever they want,' he said.

He said the bank wants to prevent the inconvenience cause to clients when ATMs are completely down because there is no power.

The Head of Customer Channels said the solar powered ATMs would also help sustain the environment while reducing the pressure on the national grid.

Mr Hendrix Glover, ATM Manager, Stanbic Bank, said the generator sets that are powering the various branches emit a lot of toxins and this was not good for the environment.

'It is in the interest of the society that we try and use the renewable sources of energy that will have a negligible effect on the environment,' he said.

Eight ATMs have been installed so far at Yendi, Atomic Goil, Sakumono Shell, Ashaley Botwe, Tesano Total, Ga Mantse Total and Tsui Bleoo.

He said by the end of September, the Bank intends to install about 20 more in very high traffic areas and areas that experience frequent power outages.

Power to each ATM is provided by up to 16 panels, feeding a system that includes a battery bank, air conditioners and CCTV cameras valued at $ 17,000.

Meanwhile, the solar powered ATMs come with more than 20 years of warranty and have the capacity of producing between three and five kilowatts.

He said during its lifespan, the solar powered ATMs are estimated to save the Bank some GH¢ 36,000 in energy costs annually.

'We spend about GH¢ 3,000 each month on electricity and fueling of generator sets for each site,' Mr Glover said.

The installation of the solar powered ATMs is in tandem with Stanbic Bank's commitment to promoting positive environmental practices.

( GNA )
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