Page 35 - ACCESS ANNUAL REPORT 2019

PUBLIC SECTOR
The Public Sector group caters for the part of the national economy providing basic goods or services that are either not, or cannot be provided by the private sector. hey are defined to include overnment related or ani ations and institutions. The group is charged with the responsibility of providing basic services to the entire nation. The Public Sector comprises MDAs (Ministries, Departments and Agencies), MMDAs (Metropolitans, Municipals and District Assemblies) and SOEs (State Owned Enterprises).
Business Focus
The Public Sector group is made up of two distinctive units he DA & DAs, and the SOEs. Our focus in 2019 was to grow our business from collection mandates to being a partner to the government such as managing funds for key government initiatives.
Services Offered
• Project Financing Facility • Import Finance Facility
• Overdrafts
• Time Loans
• Term Loans
• Forex Sales and Purchases
• Investments and Placements
• Invoice Discounting and Factoring
Target Market
Market Segment
Market Size (% of GDP)
Access Bank’s Share
Health & Social
1.40%
Low
Education
1.40%
Medium
Trade
5.40%
Medium
Cocoa
2.80%
Low
Finance & Insurance
5.20%
Medium
Crude Oil & Electricity & Utility
20.80%
Medium
Information & Communications
2.20%
Low
Public Administration, Defence,Social Security
6.60%
Medium
Mining & Quarrying
1.80%
Low
Manufacturing
6.30%
Low
Looking Ahead
Going into 2020, the Public Sector group will further improve its catalyst role in supporting Ghana’s economic development through strategic partnerships and funding options with Government and its agencies:
• Provision o channels or efficient payments to public services.
• Serve as a rid e financier to overnment projects
• Pre financin o Government contractors or timely execution of projects
• Collection platforms that eliminate revenue leakages
• Support Government by designing and developing innovative solutions for MDAs & DAs to support the ational Di iti ation Drive
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driving sustainable
Annual Report
growth through innovation