You’d be wrong if you assumed the entire banking sector of Ghana was on shaky ground. It’s true that the recent banking sector shakeup is not completely over. Some banks have been closed down, some have been swallowed and some more are yet to follow.
Meanwhile, a recent survey in the banking industry found that 63.4% of the people working in banks want to leave because of low salaries, high work pressure, high targets and expensive appearance that they are always forced to keep.
The Ghana Psychological Association also said last month, it has seen an increase in the number of distress calls to its members due to the banking sector clean-up and the job losses that it has triggered.
But some banks too are clearly unfazed by the ongoing clean-up, especially the big international ones who know they will not be going down.
Why else would Standard Chartered be able to open such a big new head office at this time?
The building, a huge multi-storey building located at the Ako Adjei interchange in Accra was unveiled last week and had been under construction and furnishing during the past year.
President Nana Akufo-Addo and finance minister Ken Ofori-Atta were invited as special guests to the inauguration of the new head office of Standard Chartered.
The new head office, according to the bank, meets Gold certification, which is the second highest rating, for Leadership in Energy and Environmental Design (LEED), especially in energy savings and water efficiency.
See more photos of Standard Chartered’s new building: