Francis Cofie, GNA
Accra, Sept. 21, GNA – Dr Bediako Asare, the
Regional Director of the Chartered Institute of Leadership and Governance
(CILG-Ghana Chapter) has called on the Bank of Ghana to reduce the minimum
capital for indigenous banks to GH¢250,000.00 instead of the GH¢400,000.00.
He said the current GH¢400,000.00 capital
adequacy ratio should be targeted at foreign banks as was the case in the
United Kingdom and the United States.
Dr Asare made the call at the 2018 African
Leadership and Governance Summit, organised by CILG-Ghana in Accra.
Participants were drawn from academia, the
banking sector, construction sector, the media, and corporate organisations,
Dr Asare said the current banking crisis and
turbulence in the job market in some organisations had some connection with the
leadership and governance front and that some dramatic reforms and review
needed to be undertaken.
He said there should be a clear regulation as
to who qualified to be on the board of a bank and the duration of the term of
Dr Asare said the philosophy and idea of
leadership permeated all sections of society and that all and sundry must
attach greater value to it whilst ensuring that those at the helm of affairs
delivered selfless services to the general good of the citizenry.
The main problem in Ghana and Africa for that
matter was leadership, he said, and urged the leaders to think outside the box
whilst being innovative and strategic.
Dr Asare called for more committed approach in
the supervision of banks to forestall recurrence of the crisis to save the
Ghanaian from loss of job.
He said the vision of the CILG was to train
and produce committed and sincere leaders in every section of the Ghanaian
society to enable them to impact their organisations positively.
Dr Kwasi Adu-Boahen Opare, a Lecturer at the
Department of Electrical Engineering, Kwame Nkrumah University of Science and
Technology, speaking on the topic; “Leading with a Creative Urge,” admonished
leaders to be creative and envisage future problems with their attendant
He said leaders should have foresight and be
able to constantly generate ideas to solve daily operational problems by
thinking outside the box.
“To become creative it has to do with
knowledge, thinking skills and motivation,” Dr Opare said, and urged
organisational managers to learn to motivate and reward their staff at
Mr Benjamin Kweku Acolatse, the Deputy Chief
Executive Officer of Ghana Railway Authority, entreated leaders to always
communicate any impending change to workers and not to keep them in the dark as
that could create difficulty in implementing change.
“As leaders, most of our decisions are
top-bottom, but that should also be bottom-up, which is the meeting of minds
and more fruitful.”
He called on leaders to be abreast of the law,
be transparent and communicate their change intentions and always plan ahead and