Ecobank to cut spending in Africa
This was revealed at the bank’s Special Executive General Meeting in Lome over the weekend.
The move is to streamline expenditure and ensure that the company operates in an efficient manner.
It is, however, not clear how this will translate into cuts in expenditure or whether the decision will affect Ghana at all.
Executive Group Head of Ecobank Transnational Incorporated, Ade Ayiyemi said the move is to ensure that the bank runs more efficiently.
“ We need to circumspect about every resource of the firm. And we want to do this across the all our banks across the world. The least we want to do is spend just for spending sake”, he said.
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