Posted: Friday 2nd May 2014 at 13:06 pm

HFC Bank wants educational development prioritized


Mr. Asare Akuffo, Managing Director of HFC Bank Ghana Limited, has affirmed the Bank’s resolve to contribute meaningfully to the sustainable development of the Otumfuo Education Fund and other initiatives meant to promote basic literacy skills in the country.

Mr. Akuffo said this when a delegation of the board and management of the Bank paid a courtesy call on the Asantehene, Otumfuo Osei Tutu II, at his Manhyia Palace in Kumasi.

Other members of the delegation included Nana Agyei Duku, Board Chairman, Messrs Osei Asafo Adjei, Executive-Director in-charge of Corporate Banking, Charles Bonsu, General Manager in-charge of Mortgage and Consumer Loans, Lord Koramoa, Head of Marketing and  Akwasi Peprah-Odoom, Business manager, Kumasi Main branch.

Mr. Akuffo said education remained a core aspect of HFC Bank’s corporate social responsibility, noting that education had over the years proven to be a vital tool for the advancement of society.

As part of the visit, the Bank donated two separate cheques to the Asantehene.  The first was for 45, 000 Ghana Cedis in respect of the celebration of the 15th Anniversary of the enstoolment of the Otumfuo as the 16th occupant of the Golden Stool whilst the other was for 5, 000 Ghana Cedis towards the impending Otumfuo Special Golf Tournament, scheduled for Kumasi.

Mr. Akuffo said the Bank had over the years worked tirelessly to satisfy its customers, offering the best advisory services in home ownership and also providing the right mortgage product to suit customers’ personal income and credit profile.

He praised the Asantehene, who is also the Chancellor of the Kwame Nkrumah University of Science and Technology, for his visionary leadership and commitment to the development of education in the country.

Otumfuo Osei Tutu said with its history as a home finance company, HFC Bank ought to work assiduously in developing the mortgage industry.

He said the Bank has a responsibility to work towards retaining its image as the number one home loan provider and to address the housing needs of the people.

The Asantehene noted that housing in general was a major problem confronting the nation. He therefore called on financial institutions to make frantic efforts at providing reasonable home loans to the masses to address the issue.

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