A banking consultant, Dr. Richmond Atuahene has called for highly skilled human resource in the banking sector to drive the growth needed for the financial sector.
Dr. Atuahene maintained that the focus going forward for the banking sector will be to build the needed human capacity to ensure effective leadership at all levels.
“For me the skills and competencies are lacking. Ghana needs to be care because if we are unable to deepen the skills and competencies we will struggle. We have not been trained and capacity has not been built. If we are not careful we would have to import skilled labor to augment our deficiencies.”
He made the comments at the first Ghana Most Respected CEO’s breakfast series of 2019 held Accra.
The event was organized by the Business and Financial Times.
The session which attracted a varied pool of CEO’s was on the theme “Saving the Banking and Financial Industry”.
Expressing his opinion on the matter of human resource in the industry, private legal practitioner Ace Anan Ankomah stated that even though Ghana has some of the best laws on paper, the banking sector will suffer if the implementing agencies and individuals do not garner the courage to implement them.
“We can have some of the best laws and set up some of the best institutions on paper but if they are not populated by people who first understand what those laws say and apply them in the way they are expected to apply then those laws will not be worth the paper they are written on.”
Managing Director (MD) of the Ghana Amalgamated Trust (GAT) Eric Nana Otoo, said stakeholders in the banking sector will need to go beyond liquidity support, since stated that without real transformation foreign banks will dominate Ghana’s banking industry.
“The issues with our banks is not just a funding problem. Our banks need support to be able to improve their capabilities and competitiveness so that they can become viable enough to stand shoulder to shoulder with the other industrial players.”
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By: Bobbie Osei/citibusinessnews.com/Ghana