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Business News of Monday, 18 January 1999

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Currency Buying Selling

Ho(Greater Accra) 18 Jan '99

The Ghana Commercial Bank Limited has decentralised its lending facilities to meet the needs of its customers throughout the country. Mr Michael Nartey Ahulu, Volta Region Area Manager of the bank announced this at Ho last week when he held an end-of-year party for his staff. He said a salaried worker can take a personal loan from any of the branches within 24 hours saying there is no more bureaucracy in the granting of personal loans. Mr Ahulu said the bank has also introduced personal credit line for a certain category of workers as long as such workers are in gainful employment. The bank has also introduced consumer credit scheme under which customers of the bank who want to purchase household appliances such as fridges, television sets and radios will after completing the necessary formalities with the bank, walk to a designated shop to collect the items.