Wednesday, 5 March 2014

Banking institutions asked to comply with central bank’s directive on dollarization

05-02-14     
Scenario: Customers queuing at the bank 


Banking institutions in the country have been asked to fashion out modalities that can contribute in saving the continuous decline of the cedi. Additionally, central bank’s directive on dollarization should be strictly adhered to, whilst putting in measures to ensure the stability of cedi, which is fast depreciating against the foreign currencies, particularly the dollar. The DCE for Talensi, Edward Awunnore, who made the call entreated Ghanaians to contribute their quota in saving the cedi from further decline. Mr Awunnore was addressing participants at the maiden Word Fm Bankers Banquet held in Bolgatanga. The event attracted business representatives as well as staff of the various banking institutions in the region. It was organized by Word fm, a local fm station to bring on board stakeholders in the banking sector to take stock of their activities and chart a new path of service improvement geared towards the development of the banks.   Mr Awunnore, noted that the general performance of the banking sector in the region has overtime witnessed a significantly growth since most of the important indicators continue to show a positive trend. He said notwithstanding the said achievements, there was the need for the banks to build on their current performance and consider putting in place new programmes and policies to sustain and improve their operations. Beyond that, banking institutions with limited space to accommodate clients should expedite action by establishing more branches in strategic areas of the region to ease congestion as occasionally experienced during the payment of workers’ salaries. Mr Awunnore, moreover challenged the banks in the region to improve on their client service delivery through enhanced training programmes. This, he observed will not only address customers service but also attract more customers and enable them build a corporate image to ensure regular  patronage of their products and services.

GBC                                                                      END                                                     IA/ 

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