{"id":448358,"date":"2017-12-19T18:41:07","date_gmt":"2017-12-19T18:41:07","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/19\/restore-stability-confidence-in-banking-sector-ifs-boss-charges-bog\/"},"modified":"2017-12-19T18:41:07","modified_gmt":"2017-12-19T18:41:07","slug":"restore-stability-confidence-in-banking-sector-ifs-boss-charges-bog","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/19\/restore-stability-confidence-in-banking-sector-ifs-boss-charges-bog\/","title":{"rendered":"Restore stability, confidence in banking sector \u2013 IFS boss charges BoG"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Tuesday, 19 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>Myjoyonline.com <\/p>\n<p>2017-12-19<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/73366375.295.jpg\" alt=\"Kojo Ohenekyei\" title=\"Kojo Ohenekyei\" width=\"295\" height=\"224\" \/><span class=\"image_caption\"><span>Kojo Ohene Kyei, IFS Financial Services Chief Executive Officer<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1513708867_101_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> The IFS Financial Services Chief Executive Officer has implored the Central Bank to build a more resilient financial system by restoring confidence in the Banking sector.<\/p>\n<p>Kojo Ohene Kyei said public attitudes toward finance are negative because of the challenges the Banking system faced some months past.<\/p>\n<p>At the 10th-anniversary Thanksgiving Service of IFS Financial Services Sunday, he said the sector will be properly positioned if the trust issues are addressed.<\/p>\n<p>The recent takeover of two indigenous banks, UT and Capital Banks by GCB Bank put the spotlight on the sector, with sections of Ghanaians describing it as weak.<\/p>\n<p>Investment packages of the two banks were seen as one of the best in the industry.<\/p>\n<p>But after eight years they were said to be financially weak to operate on their own.<\/p>\n<p>Also, hundreds of Ghanaians lost their life savings in the Brong Ahafo, Volta, Upper East and Upper West regions following a microfinance scam last year.<\/p>\n<p>The development has been blamed on the Bank of Ghana, but it has since taken some steps to sanitise the system.<\/p>\n<p>The IFS Financial Services boss said the growth of the industry has slowed for the past 10 years because of the \u201cheightened geopolitical risk.\u201d<\/p>\n<p>But an effective collaboration between the financial services industry and business community will inject some vibrancy into the sector, Mr Kyei said.<\/p>\n<p>He challenged the Central Bank to use the judiciary in the recovery of bad loans in the banking industry.<\/p>\n<p>Asked the focus of IFS Financial Services for 2018, he said the company will build on its key strength in order to collaborate with other investors to grow the business.<\/p>\n<p>Meanwhile, IFS Financial Services Board member, Samuel Apenteng has encouraged staff of the company to be more focused and humble in the discharge of their responsibilities.<\/p>\n<p>He has asked the workers to ensure that all the branches of IFS Financial Services become profitable in the coming year.<\/p>\n<p><!-- uploaded by: 62 updated by: 62 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Business News of Tuesday, 19 December 2017 Source: Myjoyonline.com 2017-12-19 Kojo Ohene Kyei, IFS Financial Services Chief Executive Officer The IFS Financial Services Chief Executive Officer has implored the Central Bank to build a more resilient financial system by restoring confidence in the Banking sector. Kojo Ohene Kyei said public attitudes toward finance are negative [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":448359,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-448358","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Restore stability, confidence in banking sector \u2013 IFS boss charges BoG - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/12\/19\/restore-stability-confidence-in-banking-sector-ifs-boss-charges-bog\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Restore stability, confidence in banking sector \u2013 IFS boss charges BoG - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Tuesday, 19 December 2017 Source: Myjoyonline.com 2017-12-19 Kojo Ohene Kyei, IFS Financial Services Chief Executive Officer The IFS Financial Services Chief Executive Officer has implored the Central Bank to build a more resilient financial system by restoring confidence in the Banking sector. 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