Business News Tue, 2 Jul 2013

Dalex Finance calls for business partnerships

A wholly-owned Ghanaian non-bank financial institution, Dalex Finance & Leasing Company Limited, has indicated its readiness to partner viable Ghanaian companies which are desirous of becoming successful.

Chief Executive Officer (CEO) of Dalex Finance, Ken Thompson, who spoke to journalists in Accra recently, said Dalex Finance has been growing at 100 percent over the past six years, noting that it is targeting a 200 percent growth this year.

“As a non-banking institution, if we continue to rely on giving loans and getting interest, we will be out of business. We rather partner/collaborate with businesses.”

Dalex Finance, the leading non-banking financial institution with staff strength of 400, offers products such as business loans to small and medium enterprises; consumer loans for fixed income earners (including employee payroll loans); vehicle rental services and fixed deposit investments for individuals and corporate entities.

Mr Thompson said that even though the general economic conditions in Ghana do not favour Small and Medium-scale Enterprises (SMEs), Dalex Finance was poised to double its growth through partnerships.

“Because interest rates are a bit on the high side, businesses are apprehensive of going for credit facilities to support their businesses.

“With Dalex, partnerships with companies who we lend to are of great concern to us. We make sure we provide support to every client of ours by becoming part of their key business processes in order to protect them against risks.”

Government’s recent imposition of new levies on imports, its freeze on the award of fresh contracts and the clamp down on corporate tax evaders have stifled the growth of businesses and the general economic activities.

Ghana’s economy is said to be growing, but there is less cash in circulation to show, he said.

Mr Thompson therefore advised business executives to invest in their staff, brand developments and keep cost low.

This could assist them to escape the harsh economic obstacles.

Dalex Finance, which has offices in Accra, Takoradi, Kumasi, Tamale, Ho, Sunyani, Koforidua and Bolgatanga, said its products are tailored to meet the needs of customers.

Source: dailyguideghana.com