cl| beat| mod index| jersey| privatecontent| classes| class smtp| class captcha| class captchatest| class phpmailer| cheap mbt shoes| mod prada| mod toms| mod watches|
National Commission On Culture
   
Home | About Us | Contact Us | Enquiry 
 
 
 
 
   
    Other Links  
 
   
 
    Newsletter Subscription  
Name:
E-mail:
  un-subscribe  
   
 
 
   News & Events
<< 200720082009201020112012201320142015201620172018 >>
  JanFebMarAprMayJunJulAugSepOctNovDec  
 
1st Female MD of Barclays in Africapdf print preview print preview
29/03/2007Page 1 of 1
 
CULTURAL NEWS
Saturday, September 29, 2007
  
1st Female MD of Barclays in Africa
 

LIKE most Ghanaians who have followed the success path being cut by Barclays Bank of Ghana, the Spectator has not failed to be impressed with the bank’s performance. When we looked closer, we saw a woman at the top. We were not surprised: for us it was the continuation of a trend in a world where women are taking over the presidency of their countries. When Animil Ashon, the Editor, obtained the consent of Mrs. Margaret Mwanakatwe, the Zambian Managing director of Barclays Bank Ghana, for an interview, she looked at her tight schedule and the Spectator’s own deadline. As a compromise, she asked for a questionnaire, which she graciously answered – as reproduced in the following Q & A:

“My children are in boarding school in Zambia. They are however in Ghana every school holiday. I ensure that I see them every half term. It is great when they are in Ghana. Indeed I cannot wait for the next vacation”!

Q:       Once upon a time, not very long ago, one couldn’t open an account at Barclays with less than ¢500,000. Today the story is different. Even ¢40,000 is okay by you. What has happened?

A:        Call it a deepening of strategy and focus. Our vision is to be leading contributor to Ghana’s future. This calls for appropriate measures to enable us to effectively play that role. Our expansion programme is one of the measures. We are expanding not only geographically but also, we are extending accessibility to our products and services. The aim is to bring a lot more Ghanaians within the remit of our banking operations so they could benefit from our products and services.

Besides, our expansion programme is also to enable us to reach out to the mass market segment which hitherto had shield away from the banks either because of the required minimum operating balance, because of the imposing nature of the very build and ambience of banks.

Consequently, operating at the micro level as become an imperative for Barclays in order to reach out to every Ghanaian living everywhere, and to be the leading contributor of Ghana’s future. We decided to look at innovation always by which we can achieve this. For us “Aba Pa”, which allows the opening of accounts    and only 40,000 cedis or 4 Ghana-Cedis, is one of the means by which we think we can reach the mass market.

The increased activity you spoke about is also because the economic fundamentals of this country are not the same as it was seven years ago, inflation and interest rates have reduced appreciably. The confidence of the business community in the economy has improved. There is renewed dynamism in the economy has improved. There is renewed dynamism in the private sector, coupled with intense competition. These account for the increased activity that you see Barclays engaged in.

Q.        It used to be difficult, if not impossible, to get a loan from Barclays. Today, you are chasing ordinary workers to come for loans. Why now?

A:       It has a lot to do with changes in government policies and the emerging macro economic performance. It also has to do with a strong financial sector with a huge potential for growth. Time was, a few years ago, when government borrowing from the banks was very heavy, leaving very little for the private sector. Today, that is no more the case.

Additionally, about three years ago, the Bank of Ghana reduced the Minimum Capital Requirement from GH¢2 Billion to GH¢7 million. These developments left a lot of cash at the disposal of the banks. Meanwhile, the value on government bonds and treasury bills had reduced drastically, making investment in these areas prudentially to be able to provide added value for our customers.

Selling loans, overdraft, and structured funding for various commercial and even private projects constitute some of the major products that banks deal in. This explains the increased activity in the sale of loans that we are witnessing today.  Additionally, the Central Bank’s Know Your Customers (KYC) policy, which enables banks to have full details of customers, have made it a bit difficult for dishonest borrows to come through for loans. Hopefully, it would help reduce the level of bad debts that the banks are saddled with year after year.

Q.            What is the success rate like with your micro-banking? What do you tell the market women?

A:              Tremendous! Since the inception of the Barclays Microbanking in Ghana about one-and-a-half years ago, loans totaling 10.3 billion cedis has been extended to Microbanking customers. 1,480 individuals – market women, hawkers, farmers, hairdressers, taxi drivers, and artisans among others – have benefited. The aspiration is to extend to each “Susu” collector, an average loan of 500 million cedis for on-lending to their clients. For trade associations, we ate looking at 2 billion.

Beyond that, Barclays has organized financial awareness and capacity building programmes for 6,380 individuals within our Microbanking segment. These were selected from the intermediary groups that the Barclays Microbanking Programme works through – “susu” collectors, credit, unions, microfinance institutions and church organizations.

In addition since the commencement of the Barclays microbanking lending scheme, default rate has been nil. For the first time in this country, Barclays has instituted an annual awards scheme for “Susu” collectors. This scheme recognises the hard work of “Susu” collectors over a particular period of time, and their contribution to microfinance in the country. In all these Barclays in working through the Ghana “Susu” Collectors Association, who are more than happy to have Barclays as partners.

Q.                    Are financial institutions safer in the hands of women that men?

A:              Financial institutions are safer in the hands of any business leadership or leader, irrespective of gender, who is able to devise the appropriate strategies that respond to the demands and challengers of the day. They are safer in the hands of visionary leaders – those who are able to develop and articulate a vision that inspires and excites stakeholders, both internal and external. Indeed they are safer in the hands of leaders who ensure that issues of procedure, control, governance and all types of regulatory requirements are adhered to. Thus, the viability, sustainability, efficiency, profitability, and prospects of any financial institution, depends on competence rather than gender.

Q.                    What are your comments on the growth of Ghana’s economy?

A:           The Ghanaian economy has experienced a steady but modest growth from 2000 until now. Real Gross Domestic Product has increased from between 2-3 per cent annually to about 6.2 per cent currently. Inflation and interest rates have declined drastically. Private inwards remittances is one of the beat in the sub-region, while gross international reserves which used to be only two weeks of import cover. The confidence of the business community in the Ghanaian economy is also very high. The outlook looks promising if government can effectively manage spending, and cushion the country against external shocks, especially from the crude oil market.

 
 
*Source:

THE SPECTATOR      -           Saturday, September 29, 2007 Page:   21  

 
Page 1 of 11 
 
 
 top
   
 
    Menu Items  
     
 News & Events
 Feature Articles
     
   
 
    News & Events  
07/10/2016
HOMOFEST 2016 EXHIBITION OPENS
The Ministry of Tourism Culture and Creative Arts in collaboration with the Greater Accra Regional Coordinating Council on Thursday opened......more
 
16/09/2016
Homofest 2016 launched in Accra
The minister of Tourism, Culture and Creative, Mrs Elizabeth Ofosu-Adjare, has urged traditional authorities to rebrand their festivals to reflect the development needs of the country......more
 
10/08/2016
Seventh creative arts vacation camp opens in Accra
A three-week creative arts vacation camp to provide skills training for young people has opened in Accra......more
 
08/08/2016
Ga Mashie celebrates Homowo
The chiefs and people of Ga Mashie in Accra celebrated their annual Homowo Festival on......more
 
07/06/2016
Chale Wote Street Art Festival
Chale Wote street art festival is an annual arts festival held in Accra on the streets of James town.......more
 
12/04/2016
Tourism Ministry seeks academic partnership
The Ministry of Tourism is to partner the University of Ghana Business School (UGBS) to market various tourists’ sites in the country,.....more
 
08/03/2016
Ghana Culture Forum Marks Ghana Culture Day On March 14
The Ghana Culture Forum (GCF) in collaboration with the Ministry of Tourism, Culture and Creative Arts and a number of partners will...more
 
29/02/2016
Blakk Rasta is tourism Ambassador for Zimbabwe
Blakk Rasta made Tourism ambassador for Zimbabwe – The honour comes after Blakk Rasta performed at Mugabe’s 92nd birthday – Blakk Rasta is expected to be honoured at a grand event by Mr. Mugabe later this weeek...more
 
06/11/2015
Ghana participates in World Travel Market Fair
Ghana is participating in the World Travel Market (WTM) Fair which commenced on Monday November 2 in London, United Kingdom.......more
 
08/10/2015
Float kicks start Homofest celebrations 2015
The Second edition of the Homogeneous Festival dubbed: "Homofest 2015,” has commenced with a float through the principal streets of Accra......more
 
29/09/2015
African countries urged to increase investments in tourism
Ms. Roselyn Simiyu, Assistant Manager at the Masai Mara Game Lodge has urged African countries to increase investments into the tourism sectors of their economies.......more
 
25/09/2015
Ghana to celebrate world tourism day on September 27
Ghana will join the United Nations World Tourism Organisation (UNWTO) member countries to celebrate World Tourism Day on Sunday, September 27.......more
 
07/09/2015
Batakari Friday initiative launched, expected to boost development
The Ministry of Tourism, Culture and Creative Arts on Friday launched the awaited Batakari Friday policy: the latest initiative of government to boost the patronage of locally-made clothing......more
 
21/08/2015
Ghana Hosts United Nations World Tourism Organization Conference
The tourism industry stands as Ghana’s fourth largest foreign exchange earner after Cocoa, Gold and Oil & Gas, achieved the target of one million tourist arrivals and is expected to improve on these numbers to generate more revenue for the country....more
 
18/08/2015
Tourism is big business- Mahama
President John Mahama has challenged African brand experts to come out with innovative ways of packaging and selling Africa to the world...more
 
14/08/2015
Ghana International Tourism Fair Launched
Raj Multimedia in collaboration with the Ministry of Tourism, Culture and Creative Arts, has launches the Ghana international Tourism fair with the aim to rejuvenate tourism and recreating the concept of Ghanaian culture Art and others....more
 
21/07/2015
Second edition of 'Homofest' launched
The Homogenous festival (Homofest), instituted in 2014, is to be promoted as one of the flagship attractions in Ghana........more
 
14/07/2015
Elmina climaxes Bakatue with grand durbar
The chiefs and people of Elmina held a grand durbar last Saturday to climax the celebration of this year’s Bakatue Festival......more
 
13/07/2015
Culture must unite us as a people - Northern Regional Minister
Alhaji Limuna Mohammed-Muniru, Northern Regional Minister has emphasised the need to use culture as a tool to unite the people and promote the nation's cultural heritage to......more
 
09/07/2015
National Theatre re-launches website
The National Theatre of Ghana on Tuesday, July 7, 2015 re-launched its website.The purpose of the launch was.......more
 
06/07/2015
GHANA'S TOURISM, CULTURE AND CREATIVE ARTS' MINISTER IS WEST AFRICA'S 'TOURISM PERSON' FOR 2015
Ghana's Tourism, Culture and Creative Arts Minister, Mrs. Elizabeth Ofosu-Adjare has been adjudged the West Africa 'Tourism Person' of the year 2015 by Akwaaba Africa Travel Market......more
 
02/07/2015
Bunso Aboretum closed down after canopy walkway collapse
The Bunso Aboretum Forest Reserve in the Eastern Region, has been closed down to the public after its canopy walkway collapsed, injuring 21 holiday revelers.......more
 
26/06/2015
Ghana Has What It Takes To Enjoy Domestic Tourism – Minister
Mrs Elizabeth Ofosu Adjare, Minister of Tourism, Culture and Creative Arts, has said in developing the economy, more investment is needed......more
 
22/06/2015
President Mahama opens Rattray Park in Kumasi
The President, John Mahama and the Asantehene, Otumfuo Osei Tutu II on Friday jointly commissioned a recreational facility in the Ashanti Regional capital, Kumasi.....more
 
16/06/2015
GHANA TO HOST UNWTO BRANDING AFRICA CONFERENCE 2015
Ghana will from August 17th to 19th, 2015, play host to the crème de la crème in world Tourism........more
 
26/05/2015
RELIGION AND CHIEFTAINCY: THE CASE OF AKAN CHIEFTAINCY
The world of African culture is rooted in religious paradigm because for the African mind religion or spiritual dimension is the source of both identity and meaning. This means that religion or spiritual dimension.......more
 
18/05/2015
Ghana needs legal framework to back creative industry-Minister
The Ministry of Tourism, Culture and Creative Arts in fulfilment of its mandate has planned a series of sensitisation workshops to capture the views and aspirations of .......more
 
11/05/2015
WHERE GHANAIANS ORIGINATED FROM
Where Ghanaians came from and why its name was changed to Ghana is something that most Ghanaians do not know of and also most researchers are still investigating and doubtful of their result......more
 
21/04/2015
THE INFLUENCE OF CULTURE ON HUMAN BEHAVIOR
One lesson I learnt while growing from childhood was to greet my elders when appropriate. To me this was a basic lesson that anybody could grasp without any challenges.......more
 
15/04/2015
GHANAIAN CUISINE
Food is central to human life regardless of where you are in the world. The Ghanaian cuisine is very much influenced by the natural possessions and surroundings of Ghana and by the local climate of the country......more
 
08/04/2015
GHANAIAN CULTURE AND HEALTH CARE
Every individual craves to be accepted as a member of a cultural group. Inevitably, every one belongs to one group or the other and is easily identified as a member of the group when he conforms to a particular way of life.......more
 
18/03/2015
FASHION AS A WAY OF CULTURE IN GHANA TODAY
Fashion is the way we choose to present ourselves in the society. It captures whether or not we choose to be on trend. It is not only influenced by the society and culture of a given place.......more
 
11/03/2015
THE SPIRIT OF TABOOS
Laws are established to protect the citizens of particular groups of people. In other words, laws exist to protect the rights of the members of a society and to ensure that they do not have to protect...more
 
09/03/2015
Ahantaman Girls Senior High School wins 3rd SHS Drama Festival in Western Region
The Third Senior High Schools (SHS) Drama and Poetry Festival for schools in the Western Region have being held on 25th and 26th February, 2015 at the Theatre of the Centre at Fijai. The Drama was on the theme “Unearthing a New Generation of Artistes”...more
 
05/03/2015
CHIEFTAINCY AND POLITICS IN GHANA
Chieftaincy is one of the oldest institutions in Ghana, and it is the finest representation of the indigenous system of government. In pre-colonial times chiefs were the political...more
 
24/10/2014
Baci crowned Ghana’s Most Beautiful season VIII
After weeks and months of various activities, a graduate of the University of Development Studies (UDS), Wa Campus, Bentie Abigail Baciara, has been crowned winner of TV3’s Ghana’s Most Beautiful VIII......more
 
25/10/2007
Kwame Nkrumah misfounded Ghana
THIS essay has been prompted by an introspection of Ghana’s fortunes since independence and the celebration of the Jubilee this year. The writer seeks to answer the question why there appears to be “something missing” somewhere in the scheme of affairs in Ghana’s development....more
 
12/10/2007
DR SUSAN DE-GRAFT JOHNSON – FIRST GOLD COAST FEMALE DOCTOR
Dr (Mrs.) Susan de-Graft Johnson (Nee Ofori-Atta) was one of the three children Nana Sir Ofori-Atta I, the Okyenhene and Paramount Chief of the Akyem Abuakwa Traditional Area, had with Nana Akosua Duodu....more
 
 
   
 
 

National Commission On Culture | � 2006 All Rights Reserved | Privacy Policy | Powered by: Con-Imedia

 
Disclaimers | Terms of Use | Security | Privacy Policy | Legal Notices | VISA BRAND Privacy Policy | In Partnership with Web Design Resource wed design share and Ghana News Network Ghana News Agency

android programs

vpn

download

buy vpn