Stanbic Bank has officially brought to a close its Pure Save Campaign at a ceremony in Accra.
The Pure Save Campaign, an initiative of Stanbic Bank was targeted at inculcating and stimulating a savings culture among Ghanaians, as well as promoting financial inclusion.
Head of Personal and Business Banking at Stanbic Bank, Nana Dwemoh Benneh said “savings allow the necessary investment to improve a country’s capital stock and its long run growth trajectory”.
According to the World Bank, the gross savings rate in Ghana is below 20%.
This situation is similar to that of other African countries such as Burkina Faso which is at 8.59%, Togo 11.66%.
Nana Benneh, stressed that savings help one acquire valuable assets, provide financial security, and improve people’s standard of living .
During the period of the Pure Save Campaign, several customers won cash prizes of ten thousand Ghana cedis, thirty two inch Samsung LED TV sets and iphones, during weekly and monthly draws, conducted using the caritas platform of the National Lotteries Authority.
Micheal Kwetey who emerged the overall winner was awarded a cash prize of one hundred thousand Ghana cedis.
By: Anita Arthur/citibusinessnews.com