The Chief Executive National Investment Bank (NIB) has stated that, the relevance of the Informal sector to the Ghanaian economy, could not be overemphasized.
This Ernest Mawuli Agbesi, explained was because it has the potential to propel the economic development of the Country, adding it is in the light of this that empowering the sector in terms of savings mobilization and financial support, is critical.
Mr. Agbesi, stated this at the opening of the Ashanti Mampong branch in the Ashanti Region.
The “Mampong branch will re-enforce the Bank’s capacity to serve our customers, especially those in the informal sector”, Mr. Agbesi emphasized.
The Mampong branch, is the fifth branch to be opened in the Ashanti Region and forty second in the country.
Mr. Agbesi, assured customers that the Bank would open more branches in the near future to serve the needs of customers better.
He said, NIB was established 53 years ago to propel the industrial growth and development of the Country.
Having achieved this mandate by supporting many companies to be on their feet in the areas of manufacturing, infrastructure, agriculture , construction etc. its target is now to develop the informal sector of the economy through mobilization of savings.
Mr. Agbesi, assured the public of prudent management of their funds and would not cause them to have un-necessary heart aches as some micro-finance institutions do.
According to him, NIB, has capable men and women who can manage their business and NIB the track record of sound financial management.
He said, though the banking sector is experiencing stiff competition in deposit mobilization and growth in profit in recent times, NIB, has been able to exceed industry average for deposits.
The MD/CEO, Mr. Ernest Mawuli Agbesi assisting the Mamponghene, Dasebre (Dr) Nana Osei Bonsu and Mamponghemaa, Nana Agyakuma Dufie to commission the Mampong Branch