For many years’ performance bonds and bank guarantees (“Bonds”) have been an integral part of transactions in the world of commerce and the construction industry. It has been described as the lifeline of international commerce and the bedrock on which large scale transactions rest. It therefore comes as no...
The Chief Executive Officer (CEO) of Ghana Shippers’ Authority (GSA), Ms. Benonita Bismarck, has won the Woman of Excellence Award for the Public Sector at the second edition of the Ghana Business Awards held on 25th October 2019 in Accra. She was awarded for leading the GSA to institute measures...
The overwhelming success of the Year of Return initiative revealed that the diaspora community have a desire and interest in investing in Ghana.
This led to the creation of a Diaspora Investment Desk (DID), at the Ghana Investment Promotion Centre (GIPC) under the auspices of the President.
Engaging the diaspora community...
The Executive Director of Association of Rural Banks, Ghana Mrs. Comfort Owusu, has advised Rural and Community Banks (RCBs) to ensure a robust credit administration in order to improve their asset quality and avoid the high incident of non-performing loans.
This follows the 2nd Quarter Report, of the Efficiency Monitoring...
The concept of rural banking was introduced in Ghana in 1976. The purpose of introducing that concept was to assist to mobilize rural savings and to make loans and other banking products readily available to the people living in the community and employed in the rural areas and to...
Lower Pra Rural Bank Limited at Shama District in the Western Region made a sterling performance during the year under review.
The bank’s profit after tax grew from GHc 920,577.00 in 2018 to GHc1, 737,789.00 in 2019, representing a growth of 89%.
Profit before tax rose to 73% from GHc1,158,431.00 in...
The Amenfiman Rural Bank Limited at Wasa Akropong in the Wasa Amenfi East District in the Western Region has proven to be a market leader innovative and adapting to changing times to tailor its services to meet the needs of customers.
Against the backdrop of the pandemic with its attending...
The Association of Rural Banks, Ashanti Chapter, has held its 14th Biennial General Meeting (BGM), at Pakyi No2 in the Ashanti Region.
The purpose of this event was to review the performance of the Chapter, and other developments within the rural banking industry.
During the year under review, 2018 – 2019,...
…. the causes of errors and financial losses
**This article was first published in Dec, 2017**
It is said that silence is golden…is it always? Of course not. Have you ever regretted not asking for explanations to instructions given you at work? For Christians, even though we should have absolute and...
The Okomfo Anokye Rural Bank Ltd (OARB) was incorporated as a limited liability company and issued with a certificate of incorporation (No.21,793) under the companies code 1963 (Act 179) on January 18,1983. On February 7, 1983 the bank of Ghana issued the License to operate Business of Banking to...