The Chairman of United Bank for Africa (UBA), Tony Elumelu, has assured the President of the Republic, Nana Addo Dankwa Akufo-Addo, of his bank’s support for the growth and development of the critical sectors of Ghana’s economy, as government seeks to return the nation back onto the path of progress and prosperity.
According to Tonly Elumelu, investor confidence in Ghana is rising, following the pro-business and pro-private approach taking by the government of President Akufo-Addo. This, coupled with policy initiatives announced in the 2017 budget, is making Ghana the investment destination in the region.
“We are very happy about all of this, and we would like to associate ourselves with your government and support you to succeed, both in banking and in other sectors of the economy,” he said. The UBA Chairman made these known on Monday, March 13, 2017, when he paid a courtesy call on President Akufo-Addo, at the Presidency, to congratulate him on his victory in the December 2016 elections.
With UBA engaged in other ventures such as real estate, hospitality, oil and gas, and the generation of power, and with 30 branches in Ghana, Tony Elumelu noted that the bank is the biggest generator of electricity in Nigeria today.
He also recounted how, during the era of the Mahama administration, UBA supported government to the tune of $1.1 billion On the government’s 1-District-1-Factory policy, the UBA Chair indicated that his bank was prepared to support government in the realization of this vision, as well as help in boosting the country’s revenue generation.
“Africa lacks economic independence, and people like you, Mr. President, can provide the new hope for Africa and we will stand by you. You have in us willing and capable partners who are proud and happy to identify themselves with you,” he added.