Banks must innovate – Barclays MD

Tue, 4 Sep 2018 Source: thebftonline.com

Managing Director of Barclays Bank Ghana, Abena Osei-Poku has encouraged the banking sector to innovate and aim to offer financial solutions that responds to the revolving nature of the economy.

“Bankers and financial market players must also innovate and offer financial solutions that respond to the cyclical nature of the economy” she said at the opening of the 2018 Ghana Economic Forum in Accra.

She also urged all stakeholders in the financial sector to support the transformation agenda of the Bank of Ghana (BoG).

“These are busy and tough times for the regulator, bank shareholders, employees and even customers, boards… I urge all stakeholders to support the Bank of Ghana to ensure the successful delivery of this transformation”

According to her, even though the banking sector is going through cycles, the banking sector needs to adhere to robust corporate standards, ethical behavior, and the well to do more.

In early 2017, the Bank of Ghana embarked on a journey to reform, strengthen and put the Ghanaian banking sector in a position to support the ambitious necessary agenda of the government to transform the economy, industralise the nation and create jobs.

She added that for over 101 years, Barclays has supported the government and continue to play a leading role in Ghana’s financial system.

She indicated that Barclays has over a US$100billion balance sheet and are committed to do more, as well as on the verge of rebranding Barclays Ghana to Absa, which will ensure that it becomes very brave and committed to do more.

Source: thebftonline.com

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