GHANA: Adhere to Financial Regulations, Archbishop Anokye Urges Leaders of Financial Institutions


KUMASI, NOVEMBER 3, 2020 (CISA) – Archbishop Gabriel Yaw Anokye of the Catholic Archdiocese of Kumasi has urged all financial institutions in Ghana to adhere to financial regulations set up by Bank of Ghana to aid them in their daily activities.

“…like the psalmist, if foundations are not well laid, no amount of prayer or fasting or whatsoever can amend the damages; therefore our financial institutions need to go by the lay down procedures from central bank in all activities to avoid any inconveniences, ” he said as reported by Radio Angelus on November 2.

The Archbishop was speaking at the official opening of new financial institution of the church named; Catholic Archdiocese of Kumasi Cooperative Society for Development (CAKCSOD) at St. John of the cross parish, Kronum.

He further cautioned them to set the right foundations for their various organizations and assured the general public that the right and formidable foundation has been laid to ensure the growth and substance of CAKCSOD into a giant financial institution in Ghana.

According to Radio Angelus, the prelate called on the government to assist Churches and private companies to curb unemployment in the country.

In attendance at the official opening of CAKCSOD was the chairman of board directors: Monsignor James Baffour Addo, Rev. Fr. Augustine Kofi Owusu (Board member) and Rev. Fr. Yeboah Biney (Board member).