Fidelity Bank MD: banks and media should collaborate to ensure strong financial sector

The Managing Director of Fidelity Bank, Julian Opuni, has called for a strong collaboration with the media to ensure stability in both the banking and the financial sectors of the national economy.
“We recognise the media as a critical partner in ensuring stability in the banking and financial sectors. That’s why we have initiated this engagement, which will be extended across the country,” she said.
Speaking at a media soiree in Takoradi, the Fidelity Bank MD stated that the banking sector required a strong leadership and discipline to build resilience, absorb risks and ensure long-term stability.
This, he stressed, would pave way for a robust banking and financial sector in restoring confidence among Ghanaians and strengthening Ghana’s reputation within the global financial community.

The Fidelity Bank MD stressed that a disciplined and stable banking sector was key to attracting more investments, particularly in Ghana’s efforts to secure offshore funds for economic growth.
He also highlighted the importance of improving domestic savings to strengthen liquidity and stabilise the banking sector.

According to him, fostering a strong savings culture among Ghanaians was essential for creating wealth and alleviating poverty.
“Any small amount is a good start. Savings give individuals optimism about the future. Having a clear goal for saving helps one stay on track despite other financial temptations,” he noted.
However, he observed that many Ghanaians prefer keeping their money at home rather than saving with financial institutions.

“This practice makes it easy for individuals to spend money impulsively instead of growing their savings,” he explained.
To address this, Mr. Opuni suggested that financial institutions should intensify educational efforts to shift public perceptions and promote the benefits of saving.
Mr. Opuni highlighted that Fidelity Bank, which is hundred percent Ghanaian owned  was the first in Ghana to introduce agency banking, a model authorised by the Bank of Ghana.
This initiative, he indicated, had made banking more accessible by allowing people to open accounts within minutes.

He noted that in 2014, the bank started with just 24 agents, but today, it has expanded to over 8,000 agents across all 16 regions.
“We aspire to have the largest banking network in Ghana, and we are proud of what we have accomplished so far. However, achieving excellence requires a strong partnership with the media,” he remarked.

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