Quick Credit commits to support economic growth
A microcredit firm, Quick Credit & Investment Micro-Credit Limited, has expressed strong commitment to support efforts by the government to drive the economy out of its current challenges.
Consequently, the company has announced plans to boost productivity with a special focus on motivation of staff as a pivot in building its operations and the country in general.
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The Founder and Board Chairman of Quick Credit, Richard Nii Armah Quaye, who made this known at the company’s annual dinner in Accra, observed that employees play pivotal roles in nation building.
The annual dinner ceremony created a platform for management and staff of the microcredit firm to interact and share ideas on how best to improve the fortunes of the company in 2023 and beyond.
It was on the theme: “Empowering livelihoods and consolidating our gains amid economic challenges - the role of the employee in 2022.”
Growth path
Mr Quaye stated that over the years, the company had always been on a path of growth year on year because it had worked together as a unit, developed and believed in principles that worked.
“We grew as a company during the times of COVID-19 and the times of financial crisis that faced the industry, and this is only because we believe in differentiating ourselves from competition and focusing on the fundamentals, yet very important and critical things that make us great and strong.
“Today a wholly owned Ghanaian company managed fully by Ghanaians serving the people of Ghana as customers, employees close to 1,500 Ghanaians and serving over 200,000 Ghanaian small and micro businesses nationwide,” he said.
He said this was a remarkable feat that had only been made possible because of the management and staff of the company gathered at the durbar.
Challenging economy
The board chairman stated that 2022 had been very challenging for the economy, businesses, employees and everyone in the country.
“This happened because our currency collapsed and led to higher inflation of goods and services and the depreciation of our local currency.
“We were not insulated from these challenges, our cost of doing business immediately started rising automatically and ,therefore, the plans and the targets we set for ourselves this very year, but like we always do and have always done, management rose to the occasion and quickly developed policies and strategies that will insulate us largely from the risk and still put us on the path of growth,” he said.
He said the company had achieved its targets despite the economic challenges and for that reason announced a minimum salary increase of 40 per cent for all its staff.
It also declared a 100 per cent bonus to all staff.
Consolidation
Mr Quaye said 2023 would be a year of the consolidation of the company’s rapid growth.
“2023 will be a year for us to consolidate all the gains made in 2022 to steer our rapid growth,” he added.