The bank is known for its customer friendly services. This is the list of rural banks in Ghana. 8. 51.Amenfiman Rural Bank: 59.Ahantaman Rural Bank Ltd. 60.Manya Krobo Rural Bank Ltd. 61.Bosomtwe Rural Bank Ltd. 64.South Akyem Rural Bank Ltd. 67.Otuasekan Rural Bank Ltd. 69.Kaaseman Rural Bank Ltd. 72.Upper Amenfi Rural Bank Ltd. 77.Juaben Rural Bank Ltd. 78.Atwima Kwanwoma Rural Bank Ltd. 82.Amansie West Rural Bank Ltd. 83.Amanano Rural Bank Ltd. The bank also received some awards including ‘Best rural bank in Western Region -2014’ and ‘36th top company in Ghana in the … Rural and community banks in Ghana are the largest providers of formal financial services in rural areas and represent about half of the total banking outlets in Ghana (IFAD, 2008). The bank has a total of 9 branches in the Western Region. Fast-rising rural banking services provider, Microfin Rural Bank (MRB), located at Gomoa Pomadze—and with branches in Kasoa and Mankessim—in the Central Region has been ranked 27th …
By 2002 115 rural banks had been established. Rural banks were first established in Ghana in 1976 to provide banking services to the rural population, providing credit to small-scale farmers and businesses and supporting development projects, with the first being in Agona Nyakrom in Central Region.
The rating agency Rating Agency A rating agency is a company that assesses the financial strength of companies and government entities, especially their ability to meet principal and expects the operating revenue of Ghanaian banks to further decline, as a result of muted growth, straining their profitability and efficiency ratios. The banks are locally owned and managed. This case study describes the history and business model of the Rural and Community Bank (RCB) network in Ghana, analyzes its performance, identifies key issues, and makes recommendations on the way forward. Rural development is a strategy intended to improve the economic and social life of the rural poor (World Bank 1975). The inadequacy of the loan according to the Project officer is due to the regulation of the Bank of Ghana to grant 38 percent of the total deposit as loan and use 52 percent of the deposits to buy government shares and bonds and the 10 percent for reserves. CAL Bank stresconeng.com. Ghanaians who are involved in craft-making and farming have largely benefited from the friendly credit products offered by the bank. The bank is located in Tarkwa Road, Prestea in the western region of the country.
This is yet another rising bank in Ghana that focuses on the rural financial sector. Ghanaian government, through the Bank of Ghana, established Rural Banks to channel credit to productive rural ventures and promote rural development. In Ghana club 100, Fiaseman rural bank ranked 28 among 100 top banks in Ghana. They are supervised by the clearing bank ARB Apex Bank under the regulation of the Bank of Ghana, which owns shares in the banks.
It majors in financial intermediation in the remote areas or rural areas in Ghana.
The study analyzes the service delivery and financial performance of the RCBs.