[ 2014-12-19 ]

ECOBANK Chief Executive urges banks to partner with telcos
ECOBANK Chief Executive Albert Essien has pointed
to mobile telephony as the way to go if banks in
Ghana are to remain competitive.
He is urging local banks to partner
telecommunication companies as a way of bringing
services closer to their customers.
Mr. Essien was speaking at the 14th edition of MTN
Business World Executive Breakfast meeting in
Accra on Thursday.
“Because of efficiencies; because transaction
costs are high; because we need to reach out more
to a larger spectrum of customers; because we need
to make banking affordable, to attract more people
into the pool, it is important to use technology
to drive skill and to drive efficiency in terms of
making processes less manual and easier to handle.
So technology is important.
He also remarked: “The important thing is to get
it right, because when you do get it wrong it
becomes a black hole.”
The Executive Breakfast series has become the
leading platform for executive briefings,
networking, and business-matching for CEOs, senior
management professionals and entrepreneurs in
Ghana.
Commenting on the importance of the series, Rahul
De, CMO of MTN, said, “being inspired ourselves
is the greatest step in becoming an inspirational
leader. MTN is confident that this platform will
create the necessary impetus and inspiring
atmosphere for all our business partners who
attend the program and will help propel their
businesses in the coming years”.

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