On the sidelines of the 2018 Mobex Africa ICT Expo held at the Accra Mall, Samuel Ntow Affum, Head of Retail at GHL Bank spoke on Ghana’s readiness for Smart Homes and the role the bank is playing in making this a reality.
He said there is a growing appeal for smart homes in Ghana, and Africa as a whole. Just as the mobile phone became the unexpected form of technology to cut across all demographics and create new opportunities for the acceleration of economic development, smart homes, or the Internet Of Things could quickly become the next big thing.
He defined a smart home as a residence that uses internet-connected devices to enable the remote monitoring and management of appliances and systems, such as lighting, air conditioning, TVs, computers, entertainment systems, and security systems.
Smart homes are designed to make living spaces more comfortable, efficient and even protect against danger like burglary, but on a smaller scale, it can assist with daily tasks such as automated lighting.
In Ghana, home entertainment, or smart home systems, are taking the lead with the proliferation of smart TVs which can be controlled by high-end smart phones. Although the high cost of these devices keeps them out of reach for many, it is set to change as prices drop and more 4G internet providers enter the market.
Speaking on GHL Bank’s role in supporting the growth of smart homes he touched on the bank’s operational strategy to be digitally driven in its provision of products and services, as well as spearhead fintech think-tanks and initiatives. Additionally, in partnership with Appolonia City, GHL Bank intends to build the country’s first smart city and provide easy access to these high-quality affordable homes to its unique range of mortgage financing options.
He concluded by calling on government and corporate bodies to continue collaborating on ways to enhance the impact of ICT on all areas of the economy, especially housing, finance and education.