Stanchart plans support for SME Development

THE Managing Director of Standard Chartered Bank, Mansah Nettey, has expressed the Bank’s commitment to growing the private sector with special attention to the development of Small and Medium Enterprises in the Country.

In furtherance of this, she said the bank has since created a special unit for SME development because of the importance it attaches to the sector.
“In terms of the private sector, it’s an area we are looking very closely to develop. We are really looking to grow that sector. We have carved out a special unit mainly because of the importance of the SME sector to the development of the economy”.
Mansa Nettey, the first ever female to be appointed to the position of Managing Director in the Bank’s 120-year presence in Ghana, made these comments when she called on the President at the Flagstaff House on Friday.
President Akufo-Addo, on his part, congratulated her on her feat at the bank and also the policy of the bank that makes it possible for a woman to assume such high office in a male dominated environment.
He lauded that Bank for its role in the development of the Ghanaian economy over the years and was hopeful the bank would continue with its support into the future.
“The bank is one of the most prestigious in our country. They have been here for a very long time through the colonial period and sine been a very critical part of our economic environment. In the future, it is our anticipation that you continue to play this critical and pivotal role in the development of our country”
The President reiterated his government’s commitment to creating the necessary conditions for the Banking sector to thrive.
He noted that although his administration took office at a time that the banking sector faced challenges, there are firm policies underway to mitigate them and to deepen investor confidence.
He said the expansion of the financial institution in the country is at the very heart of his government’s agenda to develop a prosperous economy.
“We are looking at the banking sector of this country as being a very positive force for the rapid development of our economy”.

Source: Daniel Nonor || The Finder

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