The Belgian Raiffeisen Foundation in Belgium in collaboration with Trias Ghana have provided financial and technical support to Rural and Community Banks in the Upper East Region.
The project was aimed at promoting the penetration of micro-insurance services within the catchment area of the five Rural and Community Banks (RCBs) in the region to improve the livelihood of their clients.
The project was also to help the Rural and Community Banks to improve on their Agriculture Insurance Services for local farmers and to strengthen their performances against various forms of risks associated with the banking sector.
Speaking to the media, the Upper East Chapter President of the Association of Rural and Community Banks, Alhaji Abdul Sheriff Adams, explained that the intervention has really helped in the capacity building of the staff of the Rural and Community Banks in the Upper East Chapter.
“All the five Rural and Commercial Banks in the Chapter are using Agriculture Insurance as a major risk mitigation tool, which has helped in the growth of loans and advances granted to our farmers. This has helped farmers to improve on their production, thereby increasing their incomes as well as improving the food security in the region.” He said.
He also noted that the five Rural and Community Banks (RCBs) in the Chapter met the minimum capital requirement of Ghc1million as at the end of December, 2018.
“… four out of five RCBs in the chapter made it to the list of the top 50 out of the 143 RCBs nationwide. This is no mean an achievement, but something to tell that we are performing well.” He added.
He however encouraged staff and management of the banks to work harder as the Chapter aims at seeing the banks at the top 30 on the RCBs league table, come December, 2019.
Source: A1radioonline.com | Moses Apiah | Ghana