Amenfiman Rural Bank supports government in the fight against COVID-19

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Dr. Asmah, CEO of Amenfiman Rural Bank (right) presenting the items to the Wasa Amenfi West Municipal Director of Health, Madam Mary Magdalene Arthur

The Amenfiman Rural Bank Limited at Wasa Akropong in the Wasa Amenfi East District in the Western Region has donated items to the government through three local assemblies to support the fight against COVID 19 pandemic.

The items worth about GH¢67,000 was presented to Wasa Amenfi West Municipality, Wasa Amenfi East Municipality, and Wasa Amenfi Central District all in the Western Region.

The items are disposable gloves, nose masks, hospital mattress, and tissue papers. Other items include disposable masks, gun thermometers, Veronica buckets with stands and hand sanitizers.

The CEO of Amenfiman Rural Bank, Dr. Alex Asmah who presented the items on behalf of the Bank said the donation is to support the government’s efforts to stem the spread of the coronavirus which has so far infected 313 persons and claimed six lives.

According to him, the pandemic which has sent shivers down the spine of many across the world and has claimed lives has affected economic activities in their operational territories and as a socially responsible organisation, there is the need to contribute to government’s efforts to curb or control the spread of the virus.

Dr. Asmah also believes that the donation will also help reinforce the message that the Health Ministry and the Ghana Health Service have been stressing;  the importance of washing hands under running water as well as the application of hand sanitisers among other precautionary measures.

The Wasa Amenfi West Municipal Director of Health, Mary Magdalene Arthur who received the items on behalf of the government, was thankful to the Bank for the kind gesture.

She further expressed her appreciation on behalf of the government for the numerous support the Bank has been giving to the Assembly and further called on other corporate entities to emulate the Amenfiman example particularly in this abnormal time COVID 19.

Amenfiman Rural Bank has recorded very outstanding operational performance as a financial institution over the past five years and has recorded very significant improvement in all indicators.

The Bank recorded a little over GH¢6million as the bank’s total share capital as at close of December 2019.

The amount which far exceeds Bank of Ghana’s minimum threshold and is about 500% more than the minimum GH¢ 1million mandated for all rural banks to achieve in 2020.

B&FT can confirm that Amenfiman Rural Bank holds the highest share capital in the rural banking industry as at the close of December 2019.

The Bank has recorded consistent growth in its stated capital since 2016 to date and has devised a strategy to realize GH¢10million worth of shares in four years.

 

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