Veep wants increased local participation in financial sector

Vice President Dr. Mahamudu Bawumia has called for an increase in the role played by Ghanaians in the financial sector as the country’s rebounds after troubling times witnessed in recent years.

Speaking at the opening of the Enterprise Group’s head office, Advantage Place, in Accra, Dr. Bawumia said, “I want to encourage all Ghanaians to participate in the financial services industry. Our economy is growing, the national cake is getting bigger and we must improve our financial knowledge in order to partake in it.

To win a customer and invoke the public’s trust in insurance, the price of insurance must be rise to ensure that adequate benefits are given at the time of need.

The public education drive on the importance of insurance must be intensified in order to increase the uptake of insurance in Ghana. Compulsory insurance provisions in the Insurance Act 2006, such as insurance for commercial buildings, and buildings under construction must be strictly complied. After all, these are to protect the average Ghanaians life and interest.

There is still a considerable scope for deepening the insurance industry in many areas of the economy including for example the marine and oil and gas sector.”

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Speaking at the ceremony, Keli Gadzekpo, CEO of the Enterprise Group, said the Advantage Place represents the growth and development of the Enterprise Group; its journey and its success over the years.

“It is also a symbol of our sense of pride and belonging to the Ghanaian society and it is our belief that this architectural masterpiece will serve the needs of organisations looking for a modern office space and the right environment to conduct their businesses in peace and tranquillity,” he added.

Mr. Gadzekpo explained that the 12-storey office development will not only serve as head office for the Enterprise Group, but can serve as the home of forward-thinking organisations and companies.

The Vice President congratulated the organisation for being the first African country to have the Prudential Financial Companies, USA invest in.

Special Guest at the event Wilbur Ross, US Secretary of Commerce, said that trade is key to driving economic growth in Africa, and the Advantage Place symbolises the importance growth of the Enterprise Group and is therefore a good investment for the country.

A quick tour of the 12-storey structure reveals an open plan layout, perfect for multi-tenancy per floor with facilities such as 24-hour security, disabled access and a Building Management System (BMS) that controls the building’s electronic and mechanical systems for optimum output and efficiency. The office development provides parking for over 250 vehicles in its two- storey car park.

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The building is further enhanced with external works features including gardens (ground level planting), accent lighting, character wall and general mix of hard and soft landscaping providing inherent value addition to the iconic character of the building.

Enterprise Group is a financial services Company which currently has five operating subsidiaries, namely, Enterprise Insurance, Enterprise Life, Enterprise Trustees, Enterprise Properties and Transitions Funeral Home. It is listed on the Ghana Stock Exchange and has been in business in Ghana for over 95 years.

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