Managing Director of Stanbic Bank, Alhassan Andani is predicting a much higher savings rate in Ghana.The country’s savings currently stands at 9 percent of GDP. But Mr Abdani believes this will soon improve due to increased incomes, an improved understanding of investments and incentives by banks.Stanbic Bank has in this light launched its free 100 Ghana cedis savings campaign. The promotion allows one to open a Stanbic ContractSave or PureSave Account following which the account is credited with free 100 Ghana cedis.To enjoy the free 100 Ghana cedis, one will however need to grow his or her savings with a minimum of 50 Ghana cedis every month for the next 24 months. Speaking to Joy Business at the launch, Mr. Andani explained how he hopes their initiative would enhance the savings culture in the country. “More people are getting disciplined on financial matters and the bank is giving this 100 cedis to start off with. What the economic data has shown is that most of the countries that have taken the lead in development have seen numbers like 25 percent of GDP in saving" he noted."So we hope that this modest initiative of ours would start that whole savings culture to build up to the 25 percent and beyond” he concluded.