Business News of 2014-05-04

HFC Bank calls on Asantehene

Mr. Asare Akuffo, the Managing Director of HFC Bank Ghana Limited, has affirmed the Bank’s resolve to contribute towards the growth of the Otumfuo Education Fund and other initiatives meant to promote basic literacy skills.

This, he said, remained a core aspect of its corporate social responsibility, noting that education had over the years proven a vital tool for the advancement of society.

Mr. Akuffo said this when the management of the Bank paid a courtesy call on the Asantehene, Otumfuo Osei Tutu II, at his Manhyia Palace in Kumasi.

Other members of the delegation were Nana Agyei Duku, the Board Chairman, Mr. Osei Asafo Adjei, the Executive Director in-charge of Corporate Banking, Mr. Charles Bonsu, General Manager in-charge of Consumer Loans, as well as Mr. Lord Koramoa, Head of Marketing and Communications.

As part of the visit, the Bank donated a cheque for 45,000 Ghana cedis to the Asantehene in respect of the celebration of the 15th Anniversary of his enstoolment as the 16th occupant of the Golden Stool.

It also donated 5, 000 Ghana cedis towards the impending Otumfuo Special Golf Tournament scheduled for Kumasi.

Mr. Akuffo said the Bank had over the years worked tirelessly to satisfy its customers, offering the best advisory services in home ownership and also providing the right mortgage product to suit customers’ personal income and credit profile.

He praised the Asantehene, also Chancellor of the Kwame Nkrumah University of Science and Technology, for his visionary leadership and commitment to the educational development of the people.

Otumfuo Osei Tutu said the Bank with its history as a home finance company, ought to work assiduously in developing the mortgage industry.

He said it was their responsibility to work towards retaining its image as the number one home loan provider to address the housing needs of the people.

Housing in general, the Asantehene said, was a major problem facing the nation and that financial institutions should make frantic efforts to providing reasonable home loans.