Ghana banks asked to reconsider loans policy

The leadership of the Social Security and National Insurance Trust (SSNIT) Pensioners Association has expressed outrage over, what it says is the reluctance of the banks to grant loans to members although their monthly pension is paid through the banks.

Mr. Mathias Kwadwo Djan, its Ashanti Regional Vice Chairman, said they found this discriminatory and unfair.

He said the excuse that they were going to die soon, was regrettable and most unfortunate.

He conveyed the sentiment at a ceremony held to raise funds towards the construction of an office complex for the Kumasi district branch of the association, to create adequate space for smooth administrative work.

The project is estimated to cost about GHȼ250,000.00 and is being implemented through fund raising activities.

Mr. Djan said the Kumasi district branch alone had a membership of 8,340 and asked that the banks reconsidered their loans policy.

The leadership was prepared to provide every vital information and guarantee the banks required.

Touching on the office project, Mr. Djan said, it had become necessary given the steady growth in membership.

He called for the members to own the project and pull together to ensure its successful completion.

They should also continue to put their rich and varied experiences at the disposal of serving public officers, he added.

Source: GNA