Accra, June 29, GNA - Management of HFC Bank on Tuesday held its second Homesave promotion draw with Ms Sophia N.K Aryee emerging the winner of a two-bed room detached house located at Oyarifa in Accra. Ms Aryee, a customer of the Accra branch of the bank, was surprised and excited when she was informed about the prize.

Mr Akwete Akita, Executive Director of HFC Bank, said the promotion was one of the ways by which the Bank wants to reward its cherished customers for their dedication and loyalty over the years.

"The Homesave promotion is a means of further promoting the goal of home ownership by making our valued customers become home owners, sooner than they could imagine", he said.

Mr Akita said the habit of savings was an effective way of improving the economic lifestyle of individuals and urged the general public to cultivate the habit of saving.

He said research has revealed that during periods of consistent increase in inflation, which resulted in depreciation of money, people preferred to invest their money in land property and artworks.

Mr Akita explained that the promotion was also an innovative way of encouraging people to save money given the current favourable economic conditions in the country.

He said this year, the Bank was giving away three two-bedroom houses to three lucky winners and ten consolation prizes to other winners.

Mr Akita said the first house was won on March 28, this year, by Mr John Arhinful Mensah, a customer of the Takoradi branch of the bank.

He announced that the third and final draw of the Homesave promotion would be held in September to fulfil the promise of housing the nation while at the same time promoting the culture of savings among Ghanaians.

Mr Akita encourage customers of the bank and the public to maintain the minimum deposit of GH 1OO cedis in the HFC homesave account, Life Starter, Smartsave and Student's Plus Account to make them qualify for the grand draw.