Express Capital, a wholly owned Ghanaian microfinance institution, has opened its new ultra modern corporate office in Accra.
The company incorporated on 19th June 2012, is licensed by the Bank of Ghana to operate a Tier II microfinance business.
With three branches in Accra, Tema and Kasoa, Express capital provide microfinance services to micro, small and medium enterprises (MSMEs), traders and market women, employees and the self-employed.
Speaking at the inauguration, Chief Executive Officer of Express Capital, Ben Adu Owusu, said their vision is to become a dynamic financial services provider, creating and sustaining wealth for its clients.
He noted that customer satisfaction is their hallmark, hence, their commitment to delivering excellent returns for its shareholders.
“It is my strong desire that this building becomes a place that develops and trains future industry leaders by upholding the values of hardwork, descipline and integrity” he added.
Mr. Adu Owusu, however, bemoaned the cost of capital, which he says remains a major challenge for most microfinance companies.
This challenge, he disclosed, is mainly attributed to the fact that most banks see them as risky in conducting business with because of their insufficient assets and low level of capitalization.
This, notwithstanding, Ben Adu Owusu said they are committed to upholding high corporate governance standards.
“Going forward, we expect corporate governance to rise as a key differentiating an enabling environment that supports our work and protects the interest of clients” he noted.
He is therefore hopeful that Express Capital will become one of the top Microfinance institutions in Ghana by 2015.
On his part, Minister of State at the presidency in charge of Financial and Allied Institutions, Fiifi Kwetey, commended Express Capital for the feat chalked.
He urged them to work assiduously to ensure its mission to become a savings and loans company in 2015, becomes a reality.
Fiifi Kwetey also called on other financial institutions to comply with the rules and regulations of the Bank of Ghana.
Source: Capital Express