BestPoint Savings & Loans joins league of microfinance company

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BoG Boss

Millison Narh cutting the tape for BestPoint Savings and Loans Limited (BPSL) to commence business

Despite Group of Companies, the parent company of Peace Fm and United Television (UTV), yesterday launched a microfinance company, BestPoint Savings & Loans Limited (BPSL), in Accra to meet the needs of the unbanked in Ghana.

Ernest Ofori Sarpong, Board Chairman of BSPL, in a speech, noted: ?Our vision is to significantly impact and improve the lives of customers who hitherto could not access banks and certain facilities.

?We seek to better the lives of the ordinary worker and provide financial services to artisans and small-scale businesses.

Kofi Ampofo Agyapong, Managing Director of BPSL, in a speech, stated that his outfit intends to employ innovation and tailor-made financial solutions to meet the needs of individual households and businesses in the country.

BSPL is jointly owned by Osei Kwame Despite and Ernest Ofori Sarpong, two Ghanaian business magnates.

Millison Narh, Deputy Governor of Bank of Ghana (BoG), delivering the keynote address, noted that the increase in the number of private tertiary institutions had enhanced the human resource base, adding that ?savings and loans companies must take advantage of this to improve the quality of their staff.

He reiterated BoG?s commitment to supporting savings and loans companies across the country.

The Deputy Minister of Finance, George Ricketts Hagan, entreated management of the new microfinance company to offer quality services to Ghanaians in order to facilitate the growth of small-scale businesses in the country.

?Don?t over charge your customers because they come to you for loans,? the deputy finance minister noted, adding that they should rather help to grow customers? businesses by offering moderate charges.

By Melvin Tarlue & Edem Tamakloe

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