You have been an integral part of the growth of the economy – Akufo-Addo tells FBNBank

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You have been an integral part of the growth of the economy – Akufo-Addp tells FBNBank

The President, Nana Akufo-Addo has acknowledged the efforts of FBNBank Ghana towards the growth of the economy and has commended the Bank and its staff for their contribution over the past years.

In a keynote address read on his behalf by the Deputy Minister of Finance, John Kumah at the [email protected] Gala Dinner to commemorate the Bank’s   25th anniversary in Ghana, the President said, “I have followed the growth of FBNBank over the years and this celebration should be an exciting moment for all those who have been involved in bringing the Bank to its present state.

You have been an integral part of the growth of the Ghanaian economy and tonight I say “Ayekoo” to the management and staff of the bank for this remarkable feat. Having evolved from the status of “a small Nigerian bank” some 127 years ago into an African leader and a bank of choice, FirstBank has become an industry leader in innovation, financial inclusion and SME banking. The results of these innovative interventions are well demonstrated in the many awards of recognition received by the Bank over the last few years.”

The President urged the bank to develop easily accessible products for young entrepreneurs in order to help change the narrative of our teeming youth being jobless with the attendant risks of being the source of social problems. “As the Bank celebrates 25 years of existence, I urge you to focus your attention also on the design of financial products for Ghanaian youth engaged in entrepreneurship.

We are told some 70 percent of our population is aged 35 years or younger. This so-called youth batch provides immense opportunities for rapid development. Fortunately for us, our flagship Free Senior High School policy and Technical and Vocational Education Training (TVET) programmes, have increased access to education.

It is time to turn our demography and investment in education into a powerful economic driving force rather than a potential source of social and political unrest. We are creating conditions for entrepreneurs to thrive and for the private sector to grow and expand and create jobs, particularly for the youth.”

According to the President, this would be possible if banks in Ghana take another look at their high lending rates and join hands with government to support the efforts of young entrepreneurs. “We need to work together to find an enduring solution to this problem. Government is working hard through the introduction of new policies to enhance the credit delivery system’, he said.

The [email protected] Gala Dinner provided an opportunity for the Bank to engage its stakeholders and to recognise the efforts and contribution of customer, clients and staff who have been with the Bank since its inception 25 years ago. Present were customers, clients and other stakeholders of the Bank including a delegation from FBNBank’s parent company, First Bank of Nigeria led by the Chief Executive Officer of FirstBank and Subsidiaries, Dr. Adesola Adeduntan.

Also present were the Nigerian High Commissioner, Admiral Ibok Ekwe Ibas (rtd), the Second Deputy Governor of Bank of Ghana, Mrs. Elsie Addo Awadzi, the Chief Executive Officer of the Ghana Investment Promotion Centre, Yoofi Grant, the Head of Banking Supervision Department of Bank of Ghana, Osei Gyasi, the President of the Ghana Association of Bankers and Managing Director of Standard Chartered Bank, Mrs. Mansa Nettey, Chief Executive of the Ghana Association of Bankers, Mr. John Awuah and several Managing Directors of some of Ghana’s banks and business entities.

FBNBank Ghana is a member of the First Bank of Nigeria Limited Group which is renowned for its great customer service and general stakeholder engagement garnered over its 127 years of operation. FBNBank Ghana has 20 branches and two agencies across the country with over 400 staff. FBNBank offers universal banking services to individuals and businesses in Ghana.

 

 

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