IFS CEO charges Bank of Ghana to restore stability in the banking industry

Business News of Tuesday, 12 December 2017

Source: Ezekiel Fiifi Koomson

2017-12-12

Chief Executive Officer of IFS Financial Services Ltd, Kojo Ohene Kyei

Chief Executive Officer of IFS Financial Services Ltd, Kojo Ohene Kyei has charged Bank of Ghana to restore the stability of the industry with its ongoing reforms.

Speaking at IFS’s 10th anniversary thanksgiving service which was held at their headquarters in Accra, he bemoaned how some recent developments in the financial services sector have created a high level of mistrust with the public.

He said the past 10 years have been marked by heightened geopolitical risk which have slowed the growth of the industry yet he believes that the efforts at growing the economy will be successful through an effective collaboration between the financial services industry and the business community.

He also urged bank of Ghana to transform the recovery of bad loans through the judiciary system because it’s one of the key challenges of the banking industry.

When quizzed about their focus for next year, he stated that IFS is keen to build upon their key strength, collaborate with other investors to rapidly grow the business and also to make IFS a national brand.

Board member for IFS, Mr. Samuel Apenteng, encouraged the staff of IFS to be more focused and humble in all their endeavours and also advised the institution to ensure that every branch of theirs makes huge sums of profit because it’s said that little drops of water makes a mighty ocean.

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