Rev, Fitzgerald Odonkor, MD of Capital bank addressing participants
Capital Bank recently organised a training programme aimed at building the capacity of over 100 of its trade clients on the regulatory framework governing trade transactions.
The event was also used to reward trade clients who have distinguished themselves over the past year.
The participants, drawn from the northern sector of the country, were provided with insights into the regulatory framework regarding documentations and foreign transactions.
The training, which was held in Kumasi, brought together trade clients of the bank from the Ashanti, Brong Ahafo and Northern Regions, who were also schooled on some inherent risks in international trade transactions and provided with strategies to mitigate these risks.
Managing Director of Capital Bank, Reverend Fitzgerald Odonkor, said that one of Capital Bank’s key strategic goals was to become the best bank for trade transactions.
“At Capital Bank, we believe in delivering superior solutions with speed and accuracy based on your specific and individual needs. Therefore, it is important for us to consistently engage you at various levels starting from your relationship managers to executive management to understand what your peculiar needs are,” he added.
Ato Pinkrah, a lecturer at the Ghana Banking College, who facilitated the event, encouraged the participants to develop a purpose-driven business strategy that was aligned with national and global developments to stay competitive.
He also advised businesses to build their clientele base and avoid concentrating on only a small number of clients in order to diversify their risks.
He added that it was pertinent for them to record their transactions and also make transactions through the banks to facilitate tracking and decision-making.
Mr Pinkrah further encouraged businesses to consistently monitor the exchange rate and engage the bank in order to prevent exchange rate losses.
He advised traders not to hoard the dollar but rather invest their cedis in their businesses to yield more returns because hoarding the dollar invariably creates artificial shortage, which in turn causes the cedi to depreciate.
Another event is scheduled for the Southern Sector on 29th June at the Movenpick Hotel in Accra.