‘Beautiful ladies’ killing Ghanaian Banks – MASLOC boss on 5 Collapsed Banks

‘Beautiful ladies’ killing Ghanaian Banks – MASLOC boss on 5 Collapsed Banks

Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Stephen Amoah, has admonished financial institutions in the country not to restrict their recruitment processes to ‘beautiful ladies” but employ the services of competent people.

He said the penchant of banks recruiting ‘makeup ladies’ rather than giving priority to ability is worrisome.

“Ghanaian banks instead of employing competent people pack their banking halls with beautiful ladies thinking that they would lure more people to patronize their service.

“It is about time that banks are told it is only competence and adherence of the financial regulations that ensure the growth of banks, not beautiful ladies,” Mr Amoah stressed.

The CEO of MASLOC said these in an interview with Asempa FM in Accra on Thursday monitored by Asempanews.com.

This week, the country’s banking took another turbulent turn as five banks folded up and metamorphised into one bank – the Consolidated Bank Ghana Limited.

Sovereign Bank, Construction Bank, Beige Bank, unibank and Royal Bank all went under for various reasons, the Central Bank explained.

Three of the banks, the Governor of the Bank of Ghana (BoG) said used false pretense to obtain their banking licenses while two others were insolvent.

On August 14, 2017, Capital Bank and UT Bank also suffered similar fate and BoG did not hesitate to close them down. GCB Bank inherited all the two banks’ assets and liabilities.

 

Source: asempanews

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