Bond Savings and Loans launches ‘Bond Asetenapa

Bond Savings and Loans has launched a promotion dubbed “Bond Asetenapa” to encourage savings among Ghanaians.

The promotion is also targeted at celebrating loyal customers by giving them the opportunity to win prizes. The promotion will run from August 1, 2015 to December 31, 2015.

Explaining how the promotion will be run at a launch in Accra, the Branch Manager of Bond Savings and Loans, Mr Adetola Ogundein, said customers needed a minimum deposit of GH¢300 at any of their branches across the country to enter the promotion.

He said customers who built up their accounts to a minimum of GH¢5,000 will earn seven per cent interest per annum on their account.
Mr Ogundein noted that apart from the interest to be earned, there were other consolation prizes, including television sets, deep freezers, shopping vouchers, fuel coupons, power banks, branded T-shirts, aprons and wax prints.

New and existing customers at all branches of the financial institution were eligible to participate in the promotion which would be supervised by the National Lottery Authority (NLA).

BoG lauded

The Head of Internal Audit of Bond Savings and Loans, Mr Michael Awuah, is optimistic that measures adopted by the central bank to pump US$20 million daily into the market will help stabilise the cedi in order to help businesses, especially the banking sector, to grow and expand.

He said the thriving of the banking sector depended on the flow of businesses and therefore if the Bank of Ghana (BoG) was adopting measures to recover the cedi it must be supported.

“Even though, the local currency has started depreciating against the major foreign currencies again we are optimistic measures adopted by the BoG will help stabilise the cedi” Mr Awuah, said at the launch of “Asetenapa” promotion in Accra.

Cedi depreciate

The local currency that started a successful rebound is on a depreciating path again from GH¢3.3 a dollar in July 14 this year to GH¢3.6 on August 4, 2015.

The British Pound which was exchanged for GH¢5.2 is now going for GH¢5.6, while the Euro has also risen from GH¢3.6 on July 14, to GH¢3.9 on August 4, this year on the interbank forex rates. GB

Writers email; kwofimaclean@gmail.com