Kwabena Boateng, Deputy Managing Director of Wholesale Banking at Fidelity Bank, highlighted the bank’s dedication to changing Ghana’s pension and investment environment at the recent 2025 Money Summit in Accra. He promoted:
• Leveraging capital markets to support SMEs and reduce reliance on short-term government securities.
• Implementing the National Pensions Regulatory Authority’s framework to diversify pension fund investments.
• Balancing pension fund management fees to ensure quality and sustainability.
As per the Deputy MD, as of February 2025, private sector credit grew by 3.1% in real terms, which is a notable improvement over the 14.7% decrease in February 2024.
Additionally, the bank has started an educational program dubbed the “Orange Impact E-Library.” Under its Orange Impact Initiative, it put a state-of-the-art e-library into service for the Tesano Cluster of Schools in Accra on April 22, 2025.
With its internet-connected PCs and digital learning resources, the facility hopes to help more than 1,000 students and educators by improving digital literacy and encouraging a reading and research culture.
In the past, the bank has helped SMEs with programs such as:
• The Fidelity Young Entrepreneurs Initiative, offering financing at a 10% interest rate along with mentorship and technical support.
• The Green Tech Innovation Challenge, which has awarded over GHS 1.4 million to 17 agritech businesses.
Additionally, it made an investment in a program called “The BRIDGE-in-Agriculture” in collaboration with the Mastercard Foundation, disbursing GH¢47.97 million to smallholder farmers and SMEs, supporting 3,209 existing jobs and generating 1,790 new ones.
In order to encourage creatives under 40 (or 45 for some categories) to demonstrate their talents, the company has also started the Fidelity Cultural & Creative Challenge. Applications are being accepted until May 25, 2025, with the goal of empowering and developing creative talents throughout Ghana.
Before the year ends, updates on these and other investments will be released.
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