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Business News of Tuesday, 1 September 2015

Source: starrfmonline.com

Banks must be creative - Africa Invest boss

CEO of the Africa Invest Group Dr. Sam Ankrah CEO of the Africa Invest Group Dr. Sam Ankrah

The CEO of the Africa Invest Group Dr. Sam Ankrah has charged commercial banks to do more to save Ghana from the current economic adversity.

According to him, Ghana is begging for a more creative and innovative banking industry.

“If Ghana is going to get out of the economic doldrums it has to take a more dynamic, creative, innovative and results-oriented domestic banking and finance industry at the forefront of a collective sustainability and team effort to stimulate our local economy,” Dr. Ankrah told a gathering at the 14th Ghana Banking Awards.

He added: “Individuals and businesses and government must all work together for our common good by talking to each other, listening to each other and trusting each other to do the right thing.”

Dr Ankrah stated Ghanaian banks have always wanted to operate in a safe environment where they are assured of high dividends, a development hampering the nation’s growth.

“I believe our industry should take an interest in and develop the boldness and leadership streak to forge meaningful development in a country which we all must believe can and does have what it takes to be an economic showpiece.

“It cannot stand to our credit as bankers that after more than half a century of political independence this country still has no difficulty in accepting being called a developing country. Banking in my humble view is a future industry and should therefore consider itself as one of the prongs of leadership in the socio-economic development of this nation,” he added.