By George Kwasi LARBI
P-MAG Investment Company, a Koforidua-based non-deposit Micro Finance Institution, has celebrated its fifth-year anniversary with a call on the youth and market women to cultivate the habit of saving to reduce poverty and end their over-reliance on politicians to better their lives.
Mr. Philip Gborku, Chief Executive Officer (CEO) of the company — who made the call during a durbar to climax week-long activities marking the anniversary, said poverty has become endemic in many communities in Ghana because people overlook the importance of savings and investment.
P-MAG Investment Company has over the years intensified efforts to provide prompt, timely and short-term financial services for businesses in the area.
?This will give investors good returns on their investments and also educate all clients and investors on the proper use of funds of their businesses,? Mr. Gborku said.
He said the company since its establishment has helped and saved many small-scale enterprises in the region from collapsing.
Mr. Gborku said in the quest for economic empowerment, development and growth, many economies had yielded to the microfinance institutions to change the downtrend they were experiencing.
He said P-MAG was geared towards promoting social and economic development through the provision of timely financial assistance, investment and business education for the growth of individuals and businesses.
Mr. Gborku said the company will continue to ensure the satisfaction of clients, investors, shareholders and staff, noting that all investments are highly secured and protected by the State Insurance Company (SIC).
He said the company has employed over 60 workers in seven branches across the country.
Mr. Gborku said Government alone cannot put money in people?s pocket to alleviate poverty — as has been the expectation of some people.
He said there is need for people to take their destinies into their own hands and save for their future, which he said is the best way to reduce poverty.