Knowledge is power

By joseph osei The Asantehene Otumfour Osei Tutu ii has caution negative elements in the Micro finance sector whose actions have dwindle the public interest in the microfinance sector. 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. The Otumfour said this at a ceremony to launch a new bank by the Sinapa Aba Trust in Kumasi. Sinapi Aba Trust (SAT), a Christian non—governmental micro-finance organisation, started in May, 1994 in Kumasi in the Ashanti Region, has extended credit, capacity building programmes and transformational services to low income individuals and entrepreneurs, majority of them being women. Otumfuo expressed his happiness for the company’s efforts to open its own bank after successful operations and was optimistic that they could sustain that effort. He, however, urged...

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 bank...

by joseph osei Asantehene bemoans over concentration of businesses in Accra 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. The 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...