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Ghana Is Good For Investment
   News: Banking News

The Managing Director of Stanbic Bank, Alhassan Andani says Ghana's growing democracy, peaceful environment and the recent discovery of oil make the country a secure place and viable market for investment. 

Mr. Andani was speaking at an interactive session organized by Stanbic Bank for its private banking customers, under the theme: 'Our Health, Our Wealth, Our Nation-exploring the wellness triad'. 

The event also marked the official launch of the Bank's Private Banking Offering, which has been operational for almost two years. 

'Since independence, we have demonstrated our ability to govern ourselves, manage our resources, establish strong and robust institutions to create a conducive environment where high net worth investors in and outside the country can find a worthwhile investment destination,' he said. 

The Managing Director added that so far 2011 had proven to be very successful and stable for Ghana's economy. 

'With inflation from 9.35 per cent in December to 8.9 per cent as at May, the cedis' resilience towards the US dollar with depreciation of only four per cent, plus the declined of the central bank's prime rate from 13.5 per cent in December to 12.5 per cent in June, we are truly on course to achieve a target real GDP Growth of 12.3 per cent,' he affirmed. 

Mr. Andani observed that improved economic environment has led to a boost in investor confidence and improvement in the country's economic activities. 

'This boost has trickled down to the financial outputs of our businesses. For instance, the current customer-loan portfolio of the banks in Ghana has improved disposable incomes, giving individuals and SMEs capital for self care and financial development, creating healthy minds and a wealthy nation,' he added. 

Other speakers at the event included Adu Anane Antwi, the Director General of the Securities and Exchange Commission, Yoofi Grant, Executive Director of the Databank Group, Adam Hunt, the Director and Head of Private Clients at Standard Bank who all spoke on wealth, and Professor Badu Akosah, the former Director General of the Ghana Health Service, who spoke on health. 

Addressing the gathering, Mr. Antwi stressed the commitment of regulators like the Securities and Exchange Commission to ensuring that measures were in place to guarantee higher investor security to make the country's investment landscape safer and offer more value on investments. 

For his part, Mr. Yoofi Grant advised Ghanaians to seek adequate information to guide them in making the best investment decisions. 

'If you don't secure your investment by seeking expert advice, you could even lose what you have already,' he said. 

Mr. Hunt touched on the state of the global economy. 

Professor Akosah noted that 'exercise, balanced diet and adequate sleep are the surest ways to maintaining a healthy life.' He observed that in Ghana one out of three of the adult population is hypertensive, and one out of eight up to ten is diabetic. 'Therefore, a balance of the three is very essential in maintaining good health,' he emphasized. 

Dr. Joyce Aryee, a board member of Stanbic Bank, and Chief Executive Officer (CEO) of the Ghana Chamber of Mines, served as the moderator of the programme.

 

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