Asantehene bemoans over concentration of businesses in Accra

by joseph osei

The Asantehene, Otufour Osei Tutu ii has expressed worry over the concentration of businesses in the national capital, Accra. He believes the concentration of the entire government machinery in Accra has compelled the private sector to follow suit; a situation he believes has resulted in the uneven growth pattern of the country. Otumfour also caution negative elements in the Micro finance sector whose actions have dwindle the public interest in the microfinancing. According to Otumfour these companies takes undue advantage of the vulnerability of the masses. The Otumfour has therefore charge the bank of Ghana to maintain its supervisory functions to bring to fall ethical elements in micro financing. He was speaking at a ceremony to launch the Sinapi Aba trust bank in Kumasi. He also commended managers of Sinapi Aba for making Kumasi the operational headquarters of the Bank. 

The Board Chairman of Sinapa Aba Rev. Davis Freeman assured the public of the banks preparedness to build the capacities of individuals and businesses in the country. He said much of their services are concentrated where most financial companies are afraid to venture.