\u201cLower interest rates are good not only for consumers but for banks alike. The burden on Ghanaian consumers from high interest rates has been severe.<\/p>\n
\u201cIt has primarily been due to the high inflation rate that we have experienced, and so we are thankful that those inflation rates have come down, and we are seeing interest rates coming down. We can make the point that bank interest rates have even moved down quicker than the policy rate, and consumers should begin to enjoy some relief very soon,\u201d Kwamina Asomaning said.<\/p>\n
Meanwhile, Stanbic Bank Ghana\u2019s new branch in Labone is expected to enhance service delivery to clients within the catchment area, particularly individuals and small and medium-sized enterprises (SMEs).<\/p>\n
The Chief Executive, Kwamina Asomaning, expressed confidence that the new outlet will deepen client engagement and support the bank\u2019s broader growth agenda.<\/p>\n
\u201cThere still is a place for physical branches and so we look at the physical and digital as complimenting each other. We don\u2019t expect branches to go out of fashion completely,\u201d he remarked.<\/p>\n
As part of its bank strategy, the Head of Affluent Banking at Stanbic Bank Margaret Obimpeh disclosed that the bank will roll out targeted support initiatives for SMEs aimed at attracting and retaining clients in the catchment area.<\/p>\n
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