Banking is the tree that brings forth leaves to cover the surface of Economy River of Wealth for riches to reach businesses, home and peoples pockets. Banking nourishes every business activity for businesses and industries to be financially capable to carry out all business purposes. For this reason there are four elements that are very necessary for banking services to assist businesses and to empower economy to grow. (1) Costing: Costing involves cost of living and cost of living depends upon the manufactural productions and manufactural productions depends upon the financial institutions for costing to keep industries running to boost the economy. Therefore, positive manufactural policies are always needed to bring about increase in exports for faster economic growth. It is a positive sign of economic growth whenever exports are greater than imports. This creates a vibrant marketing environments for local products to bring cost of living down as there will surplus to meet demand whenever the economy is growing enough to bring all costs down. (2) Statistics: The condition of peoples, businesses and industries to implement positive policies to make allocation possible in every location of sectors to improve those conditions in terms statistical measures. (3) Budget: The direction in which policies are to be implemented in terms of monetary aspects. The budget is to fill in all the potholes in the path of economic growth. It is the plan of action to distribute financial instruments to support businesses, industries and peoples. The moment a budget is announced, potholes in the path of economic growth needed to be filled to improves industries, businesses and masses of peoples lives to make living conditions better. (4) Balance Sheet: To bring Costing of manufactural products, the Statistical survey and the budgetary instruments to perceive the current stance of economic growth and to project future economic growth. This makes financial institutions a unique monetary environments always needed IMF and the World Bank to finance the big banks for the big banks to finance the small banks for the small banks to finance businesses for greater economic growth to end all economic crisis and poverty in a nation.
Francis Asante-Boadu
