{"id":348984,"date":"2017-08-28T17:05:37","date_gmt":"2017-08-28T17:05:37","guid":{"rendered":"http:\/\/citifmonline.com\/?p=348984"},"modified":"2017-11-10T14:45:21","modified_gmt":"2017-11-10T14:45:21","slug":"stanbic-bank-ends-pure-save-campaign","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=348984","title":{"rendered":"Stanbic Bank ends Pure Save campaign"},"content":{"rendered":"

Stanbic Bank Ghana has officially brought to a close its Pure Save Campaign at a ceremony in Accra. The Pure Save campaign, an initiative of Stanbic Bank, was targeted at inculcating and stimulating a savings culture among Ghanaians, as well as promoting financial inclusion \u2013 an attitude the Bank believes, has a great potential to turn around the fortunes of the Ghanaian economy, while guarding against a \u201crainy day.\u201d<\/p>\n

The need for a savings culture remains critical to a nation\u2019s economic growth.<\/p>\n

\u201cCountries that have a consistent savings culture automatically have a high savings rate, and are able to overcome recessions faster than those with low savings rate,\u201d Nana Dwemoh Benneh, Head of Personal & Business Banking, Stanbic Bank, stated. \u201cSavings allow the necessary investment to\u00a0improve a country’s capital stock and its long-run growth trajectory.<\/p>\n

According to the\u00a0World Bank, the gross savings rate in Ghana is below 20%. This situation is similar to that of other African countries such as Burkina Faso (8.59%), Togo (11.66%), Nigeria (12.049), Benin (16.75%), and South Africa (15.14%). Also some 70% of Ghanaians are unbanked. Of the 30% with bank accounts, only a few have a consistent savings habit.\u00a0 China, with a gross saving rate of about 46%, has become a global economic giant with the world\u2019s largest cash reserves at its disposal largely because it cultivated a national savings habit.\u201d<\/p>\n

Mr. Michael Kwetey emerged the ultimate winner of the Pure Save Campaign receiving a cheque of GHS 100,000 as his reward. \u201cI am amazed and feel indebted to Stanbic bank for this reward, I have been greatly encouraged to save more by this promotion\u201d, he said.<\/p>\n

According to Nana Benneh, savings help one acquire valuable assets, provide financial security, and improve people\u2019s standard of living of families. It also serves as a buffer during emergencies, and also goes a long way to foster a country\u2019s economic growth and development. Nana Benneh also called on financial institutions to churn out products that offer rewarding incentives on savings through simpler and attractive investment plans.<\/p>\n

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During the period of the Pure Save Campaign, several customers have won cash prizes of GHS 10,000, 32-inch Samsung LED TV sets, iPhones and many souvenirs during weekly and monthly draws, conducted using the caritas platform of the National Lotteries Authority.<\/p>\n

Stanbic Bank has over the years rolled out a myriad of savings and investment products that offer unrivalled financial security to its customers. These include the multi-currency money wallet, unsecured personal loans and the EduPlan, which helps parents provide an uninterrupted quality education for their wards to the highest level.<\/p>\n

The Pure Save Campaign started on April 3, 2017 and ended on August 2, 2017.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stanbic Bank Ghana has officially brought to a close its Pure Save Campaign at a ceremony in Accra. The Pure Save campaign, an initiative of Stanbic Bank, was targeted at inculcating and stimulating a savings culture among Ghanaians, as well as promoting financial inclusion \u2013 an attitude the Bank believes, has a great potential to […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[5],"tags":[],"class_list":["post-348984","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/348984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=348984"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/348984\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=348984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=348984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=348984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}