Rural Bank Managers assure depositors of secured investments

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Despite the challenges the Banking Sector in Ghana is facing, some local Banks are still thriving in terms of performances and new strategies, and Rural and Community Banks in the Upper East Region are not exempted.

In their quest to build stronger bonds and maximum cooperation among themselves, Managers of some five Rural and Community Banks in the Upper East Region, have had a meeting to review their performances in 2018 and discuss issues pertaining to how to develop new strategies carry out their responsibilities, services and commitments their Staff and Clients.

Speaking at the meeting, Samuel Nanore of Naara Rural Bank with Headquarters in Paga, in the Kassena-Nankana West District, explained some of the new strategies the Rural Banks have adapted in facilitating businesses and the reason why the Public should bank with the Rural Banks.

“One should not be astonished to hear that, if one is doing saving at Naara Rural Bank and goes to Accra, one can withdraw money from La Community Bank without stress. I must say that, technologically, our banks have improved and in doing business with Rural Banks, one ought not to be worried because, the staff are professionally trained in business dealings and handling of money.” Samuel Nanore said.

Samuel Nanore assured the Public that, Rural Banks are doing well, despite the challenges the Banking Sector is facing and the “collapse” of some banks, stressing that, depositors should not worry anytime they do business with any Rural or Community Bank in the Upper East Region.

In terms of license satisfaction from the Bank of Ghana, the General Manager of the Builsa Community Bank, Ibrahim Hayatudon, assured that, the Rural Banks in the region have attained their Minimum Capital Requirement and have been given permission by the Bank of Ghana to operate without worries.

“We in the region, every Rural Bank has achieved it minimum capital requirement, and have all been given licenses by the Bank of Ghana to operate, so there is no need for investors to panic anytime they are doing business with a Rural Bank, because their investments are always secured.” Ibrahim Hayatudon said.

The meeting by the five Rural Banks follows the recently held 20th Biennial General Meeting by some 141 representatives of the various Rural and Community Banks in Ghana, in Bolgatanga to constitute a solid platform for Rural Banking and instilling a new spirit of responsibility and creativity in the Rural Banking Sector.

Source: a1radioonline.com | 101.1 MHz | Moses Apiah

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