Descend On Savings And Loans Companies Now – Investment Advisor To BoG

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Chief Executive Officer [CEO] of Tentmaker Ghana, Mr. Henry Agyei Mensah has strongly admitted the path channeled by the current government on financial institutions will save the country from a lot of dangers.

In a one-on-one discussion on UTV’s ‘Adekye Nsroma’ programme, Mr. Agyei Mensah urged the Bank of Ghana to now descend on Savings and Loan companies as there is a lot of rot going on in that sector that need to be addressed.

“ . . For me our banking sector is getting sanitized and the same procedure must be used to curtail the numerous rots going on in the Savings and Loans sector of the financial system,” he said.

He advised investors to be careful about any investment they intend to make or otherwise seek the services of an investment advisor.

“We must be very mindful that every investment comes along with risk, therefore we must not be interested in the returns or interest alone but also think of the negatives that can unexpectedly happen. Indeed we must ask ourselves a lot of questions before making a move to invest,” he advised.

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He lamented that the cause of most suffering banks is as a result of non-performing loans.

He therefore called on the Bank of Ghana to look at working on a directive for financial institutions to follow up on loans than waiting for months when the lenders refuse to comply by the pay-back agreement before they follow up

Source: peacefmonline.com

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