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in Finance, Banking

Best Point Savings And Loans Renews Support For MMSEs

Maynard Championby Maynard Champion
December 22, 2021
Reading Time: 3 mins read
Best Point Savings And Loans building

Best Point Savings And Loans building

Best Point Savings and Loans’ management and staff have organized their 2021 festival of Nine Lessons and Carols service with a promise to help Micro, Medium, and Small Enterprises (MMSEs) develop the following year.

According to the company’s Managing Director, Dr. Fred Safo-Kantanka, about half of the company’s budgeted allocation for 2022 has been set aside for small enterprises to help cushion their business and ensure their survival.

“Industrialization is the engine of the economy. If these people [MMSEs] are not supported, we will not be able to build the economy the way we want it. Next year, we are going to support the MMSEs. We are pushing a lot of money to support them with about half of our budget allocated to them. We will be focusing our attention on those in the market, kayayei, and petty traders.”

Dr. Fred Safo-Kantanka

Dr. Safo-Kantanka intimated that the company had experienced various challenges, including the impact of the COvid-19, but that it had achieved tremendous success including exceeding their profit projection for the year thanks to their fearlessness in the face of adversity and the support of the management and the board.

“I took over at a challenging time. With determination and hard work, we have been able to do a lot for this institution. As of November, we had even exceeded our profit targets for the year. It wasn’t easy, I had to push. At a point, I wasn’t popular here, but today, it has paid off.”

Dr. Fred Safo-Kantanka

In terms of the company’s digital strategy, the Managing Director stated that between September and December, over 14,000 clients were added to its ‘Wo Phone Nie’, ‘Wo Sika Nie’ platform, compared to the 4000 customers expected earlier.

Dr. Safo-Kantanka noted that the company would introduce a special application next year to make banking easier and faster for its consumers.

Carols Service

The Carols service was mixed with scripture readings by some of the company’s personnel and management to thank God for His protection throughout the year and to reaffirm their faith in Jesus Christ’s birth.

Joy to the World, Hark Hark, Ding Dong Merrily, Sweet Chiming Bell, and Christmas Day were among the Carols performed by the Best Chorale Group, which also included poetry recitals, dancing, and a short sketch by the JC and JC Group.

Mr. James Okrah, Ms. Millicent Okrah, and Mr. Martey Ago-Mensah, all bank employees, did the first reading, the second by Ms. Millicent Okrah, and the third by Mr. Martey Ago-Mensah. Mrs. Maame Frimpomaa Nartey read the fourth lesson, Mr. Lawrence Opoku-Acheampog read the fifth, Mrs. Majorine Appiah-Darkwah read the sixth, Mr. Emmanuel Josephine Amposah read the seventh, Ms. Mandy Afrifah read the eighth, and Mr. Mark Kyei Darko read the ninth.

Reverend John Edudzie, the senior pastor of the International Central Gospel Church (ICGC), admonished the bank’s personnel, managers, and customers not to forget how God had been loyal to them in an exhortation titled ‘Don’t Forget God’s Goodness.’

The event provided management and staff with the opportunity to meet with customers and plan for the company’s future growth.

READ ALSO: Ecobank And Other Organizations Light Up Major Streets In Accra For Christmas

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