Afro-Arab named 2017 Top-Performing Non-Bank Financial Company

Business News of Tuesday, 13 March 2018



Madam Akosua Frema Osei Opare about to present the award to the CEO of Afro-Arab Micro Finance

Accra Newtown-based microfinance company, Afro-Arab Micro Finance has been named as the 2017 Top-Performing Non-Bank Financial Company in Ghana at the Seventh Heroes of Distinction Awards held in Accra.

In an interview after receiving the award on behalf of the Afro-Arab Micro Finance, the CEO Alhaji Abdul Salamu Amadou expressed gratitude to the customers and management of the company.

He said without their support and efforts the company would not be in business.

Alhaji Amadou added that he was hopeful the award would serve as an inspiration to other SMEs in the Nima area.

In an address, the Chief of Staff, Madam Akosua Frema Osei Opare who presented the award to Alhaji Amadou called for a united effort to accelerate the transformation of the economy – to end the dependence on foreign aid.

She indicated that this was not going to be achieved overnight but expressed optimism that by pulling together the nation we would get there.

Madam Osei Opare was speaking at the “Seventh Heroes of Distinction Awards” in Accra, organized by the West Africa International Press Limited, publishers of the New West Africa International Magazine.

She said it was important to recognize that no country across the world had succeeded by relying solely on aid.

That was why it was important for everybody to give strong backing to the government’s drive to bring efficiency into the management of the nation’s resources – add more value to the raw materials.

She added that it took creativity and vision to develop and underline their resolve with a lot of energy, commitment and zeal to make things happen.

Madam Osei Opare said a solid foundation had been made with the introduction of initiatives like the “planting for food and jobs” and the “one-district one-factory, which hinged on utilising the local resources in each district to propel industrial transformation.

She renewed the call to banks and other financial institutions to bring down the cost of borrowing to enable young entrepreneurs to access loans to establish their own businesses to create wealth and jobs for the people.

Madam Osei Opare, who is Ghana’s first female to serve in the position of Chief of Staff, was honoured with an award for her contribution to Ghanaian politics and distinguished professional career.

Other individual award winners were Mr John-Peter Amewu, Lands and Natural Resources Minister, for his relentless fight against illegal mining, Madam Kemi Adeosun, Finance Minister of Nigeria, the late Dr Alhaji Adamu Iddrisu, Founder of the Global Haulage Company, who was posthumously awarded for philanthropy.

Also awarded were some companies including the Chiropractic and Wellness Centre, Royal Bank, Amenfiman Rural Bank, Akim-Bosoma Rural Bank, Amansie West Rural Bank, Freddy’s Corner, Adonko Bitters, Al Bakery and the Saint Andrew Senior High School.

They were presented with plaques and certificates.

Dr John Kofi Mensah, the Managing Director of the Agricultural Development Bank, who chaired the function, underlined the need for change of mindset and attitudes to make “Ghana beyond aid”, a dream come true.

Dr Dee Otibu-Asare, Chief Executive Officer of the West Africa International Press Limited, said they were eager to assist fight corruption, foster unity and promote investment opportunities in the sub-region.

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