The Asantehene, Otumfour Osei Tutu II, has urged the leadership of Consolidated Lender Ghana (CBG) to roll out progressive products and solutions with the principal focus on of increasing the agriculture sector as a strategic way of boosting the nationwide overall economy.
He claimed as an indigenous financial institution wholly owned by the governing administration, it experienced a vital part to engage in in the progress of the sector which served as a source of livelihood for quite a few Ghanaians and experienced been touted as the backbone of the economy above the a long time.
The King was concerned that most financial institutions had been hesitant to guidance the sector which he thought had massive possible if suitable mechanisms were set in location in the sort of extended-time period investments by economic institutions.
He was addressing the board and administration of the bank at the Manhyia Palace in Kumasi when they paid out a courtesy contact on him.
The CBG workforce led by its board chairman, Mr Welbeck Abra-Appiah was at the palace to seek the blessings of the King forward of the opening of two new branches of the Financial institution at Asafo and Alabar and also fork out homage to him as he marks 20 several years on the golden stool.
Otumfour counselled the management of the bank to undertake finest banking techniques to justify the self-confidence reposed in them by the government and the central financial institution to secure the deposits of their clients.
They really should believe outside the house the box and take care of the resources injected into the bank by authorities judiciously not only for the advantage of their prospects but for the advancement of the national economic climate.
Mr Welbeck Abra-Appiah, the Board Chairman of the lender, said thanks to the over-focus of some branches of the 7 financial institutions that shaped the CBG in distinct locations, the bank experienced strategically closed down some branches.
He reported the Ashanti Area had the highest selection of branches with 22 out of the 90 branches across the nation.
He pledged the motivation of the financial institution to work in the curiosity of the taxpayer whose cash was used to create the lender and contribute meaningfully to the progress of the banking sector.
Mr Daniel Wilson Addo, the Managing Director of the Lender, claimed the lender would guidance Medium and Smaller-Scale Enterprises (MSE) which were being mainly indigenous companies.