<<Print>>

The Chief Executive Officer of Direct Savings and Loans formely Express Savings and Loans, Ben Adu Owusu has called for reduction in cost of funds for financial institutions to help soften lending rates.

He was speaking at the Fifth Anniversary Thanksgiving Service of the company at Harvest International Ministries last Saturday.

In keeping with its annual tradition, the company sets aside a day every year to give thanks to God for its continued growth and success, dedicated staff, loyal customers and a peaceful nation.

Speaking to the media, Ben Adu said if costs of funds are high, their lending rate to borrowers also becomes high.

He said although policy rate, interest rate and treasury bill rate seems to have dropped, costs of funds is still high; he is therefore calling on the government to in place measures to address the situation.

Marking its fifth anniversary of being in operation, it hosted Dr. Michael Boadi Nyamekye of The Maker’s House Chapel International.

Renowned Gospel artist and the VGMA Artiste of the Year, Joe Mettle kept guests on their feet with soulful praise and worship songs.

Direct Savings and Loans commenced operations with a team of three individuals and has seen remarkable growth both in personnel, business and infrastructure over the five years of its existence.

The company attributes its success to hard work, staying focused on providing innovative and personalized solutions to its customers, as well as a continued commitment to excellence.

Ben Adu Owusu disclosed the Company intention to expand their footprints into new regions of the country over the next few years.