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Business News of Thursday, 2 October 2014

Source: GNA

Financial institution introduces home product

ASN, a financial institution, has introduced a new product known as the “Assured Home Product”, which targets workers who want to invest in a place to live in future.

Assisting Senior Manager of ASN, Mr Saani Mohammed made this known when he led a team to introduce the product to workers of Ghana News Agency in Accra on Wednesday.

He said the product entails “Assured Home Plan and Assured Home Investment’’.

The Assured Home Plan’ comes along with a minimal deposit of GH¢ 500.00 within a minimal period of five years and a maximal period of 10 years, he stated.

According to him, there is a silver home plan which yields an amount of GH¢100, 000.00 to GH¢150, 000.00; the Gold category yields GH¢ 150, 000.00 to GH¢ 200, 000.00; the platinum home plan; GH¢ 200, 000.00 to GH¢ 250, 000.00 and a multiple contribution of GH¢ 500.00 to GH¢ 200.000.

Mr Saani explained that the Assured Home Investor demands a multiple placement of a minimum of GH¢ 50.00 to GH¢500, 00 per year placement.

“There are benefits such as the interest at 91 day prevailing Treasury bill rate plus plan or values at maturity, clients to be able to use their investments as a guarantee to access credit facilities without disrupting their investment plan,” he added.

Speaking to GNA in an interview, Mr Saani stated that “the aim of ASN is to partner other organisations to help them grow and that is why they intend to do business with the Agency.

ASN, which has seven branches in Accra, has its Head Office at Madina. It has also a branch in Kumasi and aims to open more across the country, he added.