Chairman of the Chartered Institute of Credit Management (CICM)-Ghana, Professor Kwame Boasiako Omane-Antwi, says Ghana is in need of incorruptible, selfless and result-driven leaders to move it to the next level.
According to him, people in charge of the management of state institutions and its financial resources had failed, adding that the nation also required dedicated, visionary, God-fearing and ethical leaders to move it forward.
“Those employed to manage our state institutions and our financial resources have always not been at their best. They seem to be failing day in and day out. Sadly, we are labelled as corrupt, and truly we are corrupt,” Prof. Omane-Antwi said.
He said this at the investiture ceremony and the official syllabus launch of CICM–Ghana in Accra last Thursday.
Agents of change
Prof. Omane-Antwi called on members of the institute, especially the new ones, to be agents of change, saying; “The need is urgent and the cry is desperate, our resources have always not been honestly, fairly and ethically distributed. We need leaders who will change the situation.”
He urged them to be different by becoming ambassadors with mission through honesty, good conduct and best practices in all their endeavours.
CICM–Ghana
The Executive Secretary of CICM–Ghana, Mr Agyepong Amo, explained that the institute was a professional body created in accordance with the Professional Bodies Registration Act, 1973.
He said CICM-Ghana provided credit management resources, education and certification to its members.
“We aim to provide the catalyst for development of competent and more qualified human resources that will enable financial institutions to offer efficient and competitive services to meet modern-day demands,” he said.
Mr Amo was optimistic that the institute, which is relatively young, would grow and become the reference body in credit management in Ghana.
A Manager at Capital Bank Ghana Limited, Dr Charles Kingsley Akwetteh, stressed the importance of credit management, saying its neglect was responsible for the high bad loans in many banks in the country.
“For those businesses experiencing rapid growth, poor credit management can have a seriously detrimental effect on cash flow. This is a trap that many businesses fall into, and can often lead to dire consequences,” he added.
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