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Business News of Monday, 6 February 2012

Source: GNA

Banks urged to create Share-holding Rights.

Nyinahin (WR), Feb. 6, GNA - Mr Isaac Kwame Asiamah, Member of Parliament (MP) for Atwima Mponua Constituency in the Western Region, has appealed to micro financial institutions to create share holding rights to enable their customers to buy shares and own part of the company.

He said, "When this is done it would not only encourage their customers to cultivate the habit of saving, but also support the growth of the company as well".

The MP made the appeal at the inauguration of the Nyinahin branch of Noble Dream Financial service at Nyinahin in the Atwima-Nwabiagya District of Ashanti.

Mr Asiamah also urged the management of the Bank to grant soft loans to their customers to expand their farms and businesses.

He advised prospective loan beneficiaries to pay back the loans granted them to enable their fell'