Most bankers survive on sugar mummies and daddies – Banker reveals

Most bankers or personnel working for financial institutions survive on sugar mummies and daddies due to the unnecessary extravagance attached to their work, a banker has revealed.

According to Nana Yaa, an employee with one of the banks in Ghana, bankers are made to live beyond their means, which generally puts undue pressure on their finances.

“As bankers, before we go out to look for customers, we must look very smart, you can’t just wear anything because when you get to the office of your prospective clients, you will feel unwelcome and that puts pressure on us, we always have to look good. Meanwhile our salary is not enough to meet such demands, so we always have to live beyond our means just because we want to meet market demands and our targets”, she said on Anopa Kasapa.

A 2018 Human Resource Banking Survey conducted by Human Capital experts, Acreaty Ghana between February and May 2018, has revealed that most people in the banking sector are dissatisfied with their condition of work and wants to go into something else.

The survey revealed that over 70 percent of workers in the banking sector want to leave the industry.

It was conducted among 14 banks including, Fidelity Bank, GCB Bank, Ecobank, Barclays, Omni Bank, Stanbic Bank and the defunct Capital and Sovereign banks.

According to the report, 24,300 people are currently employed in the banking sector.

The report said 99 percent of the over 2,000 respondents disclosed that their banks have swayed from their core visions.

The report revealed that 70 percent of bank workers are not happy with their salaries.

Also, 79 percent say their performance targets are unrealistic and unattainable with extremely tight schedules.

About their dislikes, the bank workers disclosed that a high number of them virtually live on borrowing from their employers as they are given various facilities which make them live beyond their means.

Commenting on the findings of the survey, Nana Yaa said the findings could not be far from right.

“Mostly for the ladies, the pressure is more because you have to change your hair at least once every two weeks and buy fine clothes for yourself

Most of the targets are outrageous and unrealistic, but because there is no job in the system and looking at the prevailing hardship, you can’t but accept to do it.

“So for instance if you are employed in a bank and promised a salary of GHc 3000 but before that, you need to bring in 2 million cedi every month. One needs to use every means possible to get that amount, including sleeping with sugar daddies and other high profile persons” she said.

This comes at a time when Ghanaian banks are struggling under unstable financial sector with seven collapsed already.