[ 2015-04-27 ]

Institute for risk management professionals opens in Accra
An institute to train professionals in loan and
risk management has been inaugurated in Accra.

Known as the Institute of Loan and Risk Management
of Ghana (ILRMG), it will organise and provide
professional training in the area of loan and risk
management for all its members in order to improve
the services they render in their respective
fields.

Also, the courses that will be provided will
examine the structures and processes necessary for
any organisation to achieve an effective loan and
risk management process in the context of
continued profitability and for effective
delivery.

The institute is affiliated to the Certified Loan
And Risk Management Professionals in the United
Kingdom and was incorporated in September 2014. It
is also present in countries such as Nigeria,
Kenya and Cameroun.

The institute was formally inaugurated by Dr
Oladipo Bailey, who is the Chairman and President
of the Chartered Institute of Loan and Risk
Management, Nigeria.

The Registrar of the institute, Mr Joe Hutchful,
said the mission of the institute was to provide
an avenue for all professionals to build their
capacities and enhance their careers using modern
technology and up-to-date methods of loan and risk
management to improve the quality of services in a
competitive environment.

“The knowledge to be acquired is expected to
help fill the void and risks associated with loan
management in the country considering the high
default rate pertaining to that sector,” he
said.

Membership, he said, would be drawn from industry,
commerce, public sectors and government service.

ILRMG is an independent, non-political and
non-profit-making national body, governed by a
National Executive Council with a vision of
becoming the main repository of best professional
practices in the fields of loan and risk
management.

Investiture of governing council

Members of the governing council were taken
through an investiture ceremony where the
authority and symbols of high offices were
conferred on them.

The President and Chairman of the Governing
Council is Mr Adam Sulley, who is an award-winning
marketing practitioner. It is under the patronage
of Captain Prince Amoabeng, the President of UT
Holdings.

Source - Daily Graphic

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