The management of Access Bank Ghana Limited, has called at the Manhyia Palace, in Kumasi, to introduce its Managing Director to the Asantehene, Otumfuo Osei Tutu II.
The delegation included Board Chairperson, Ama Sarpong Bawuah; Head of Financial Control & Strategy, Akosua Biama Aboagye and Head of Consumer Banking Ama Boateng.
During the visit, Ms. Pearl Nkrumah, the Managing Director of Access Bank Ghana Plc, unveiled plans to expand the bank’s presence and support development in Kumasi.
She described Kumasi as the central point of commerce, housing strategic economic activities like agriculture, hence the bank’s intention to develop the city’s prospects, by improving the local economy.
The MD disclosed that the bank intends to invest in infrastructure, education, agriculture and industry in the coming years, to support Asanteman.
According to her, the bank had supported 20,000 Small and Medium-scale Enterprises in the past 16 years in the Kumasi metropolis.
Otumfuo on his part, expressed confidence in her appointment, hoping she could do the work because she is capable.
The King was also happy that the leadership of the bank is dominated by females and called for more empowerment of women.
Otumfuo encouraged the leadership to explore avenues for profit, while positively impacting economic development.
The Bank’s profits used to depend on treasury bills, which are not viable now. Buying and selling money is not very economically beneficial,” he said.
Otumfuo proposed the reintroduction of a policy that would enable banks to access offshore funding to offer long-term loans to local industries and businesses.
The Asantehene also urged the bank to find ways to reinstate people’s confidence in saving with financial institutions.
At the meeting, the bank reaffirmed its commitment to supporting economic growth, entrepreneurship and community development in the Ashanti Region.
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