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    Home»Business»Let’s not spend our money abroad; let’s invest domestically – Richard Nii-Armah
    Business

    Let’s not spend our money abroad; let’s invest domestically – Richard Nii-Armah

    ZamZam UpdateBy ZamZam UpdateApril 28, 2025No Comments2 Mins Read
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    The outgoing Chief Government Officer (CEO) of Payments Credit score, Richard Nii-Armah Quaye.

    The outgoing Chief Government Officer (CEO) of Payments Credit score, Richard Nii-Armah Quaye, has urged rich Ghanaians to chorus from spending their cash overseas and as a substitute contemplate investing in companies inside Ghana.

    He mentioned, “For these of us who’ve it (cash), allow us to not take our wealth in another country or depart it sitting within the financial institution. As a substitute, allow us to put money into the companies and expertise of those that wouldn’t have it. Allow us to type funding teams and make investments collectively to minimise our dangers and maximise our possibilities of success.”

    Richard Nii-Armah made these remarks throughout a ceremony in Accra on Monday, twenty eighth April, the place he introduced his retirement from his position as CEO of Payments Credit score. He revealed that he had taken on a brand new place because the CEO of RNAQ Holdings.

    He acknowledged that with this method, traders within the nation would acquire confidence within the Ghanaian financial system and be capable to discover the numerous benefits the nation gives.

    He added that this is similar path taken by developed nations, and it has confirmed profitable for them.

    The enterprise mogul additionally known as on people with entrepreneurial expertise to method him for the mandatory assist.

    “I’m additionally calling on all younger individuals in our nation with distinctive expertise and promising companies that require funding and correct steering to return ahead in order that we will make investments collectively, construct collectively, and succeed collectively. That is the one manner we will construct companies able to competing, surviving, and thriving each nationally and globally,” he mentioned.

    Mr Nii-Armah has since handed over the management of Payments Credit score to personal authorized practitioner, Lawyer Kojo Dei Kwarteng.

    In his acceptance speech, Mr Kwarteng thanked Mr Nii-Armah and the complete administration workforce for contemplating him for the position.

    He additionally expressed his gratitude to the Financial institution of Ghana (BoG), the regulator of credit score corporations, for approving his appointment and promised to stick to the assorted guidelines and laws governing the operation of credit score companies within the nation.

    DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.



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