First Capital CEO speaks on good business practice

Mr. John Kofi Mensah, the Chief Executive Officer of First Capital Plus, a savings and loans company, has urged corporate entities to adopt a ‘God-centred’ approach in their business model.

“The most important value and foundation of our institution is God. Our strategic direction is heavily influenced by divine wisdom and direction,” he said.

“Apart from the divine blessings that accrue, there are other tangible benefits like team work and cohesion, fostering inter-personal relationships, shaping individual values, motivation through words of inspiration that all serve to shape staff attitudes and energise staff toward personal enhancement and increased productivity.

“These enhanced attitudes and motivation, therefore, make it easy for staff to exhibit the company’s other core values like integrity and trust, reliability, professionalism, speed and accuracy,” Mr. Mensah said.

First Capital Plus, he said, attributes a major part of its phenomenal growth to its core value of God-centeredness.

“What is unique about each branch is that every branch has a chapel on the top floor where morning devotions are held every morning, and all-night sessions are held during the last Friday of every month. However, these services are not compulsory,” he said.

First Capital Plus Savings and Loans started operations in 2009 with a stated capital of GH¢7million, making it one of the best-capitalised savings and loans companies in the country.

It currently has 13 branches in five regions and is working to add 10 more branches in two other regions by the close of the year, in view of the anticipated growth in branchless banking.