CULTURE OF SAVINGS HAS IMPROVED BUT…

The Executive Director of Databank Financial Services, David Ogbarmey Tetteh says the investment culture of the people has improved in the past year.
But he explains that a lot of education needs to be done to promote savings culture among Ghanaians that would support the significantly higher levels of investment to propel the country improve the investment culture by 2015.
He said the banks and financial institutions need to roll out better policies that would encourage people to save, build capital and invest in businesses.
He alluded to people finding it difficult to save because packages presented to them are not favorable, and some feel that inflation, low interests and bank charges will wipe off their meager savings.
He made these statements at the Databank Annual General meeting in Accra.