Tuesday, June 15

Tag: Rural Banking

Rural Banking sector survived coronavirus

Rural Banking sector survived coronavirus

Mr Kojo Mattah, Managing Director of the Apex Bank of the Association of Rural Banks (ARB) has said despite the growth of rural banking through a rigorous sector clean-up, and an unexpected pandemic, business in the sector still picked up. He said management and boards of rural and community banks (RCBs) had been consistent in pursuing service innovation and digital technology, resulting in the growth of deposits from 3.88 billion at close of 2019 from the 2.85 billion cedis in 2017.“In spite of the impact of COVID-19, we have seen some modest level of growth from GHS 4.03 billion at the end of March 2020 to 4.23 billion at the end of June 2020,” Mr Mattah added. The Director was speaking at the opening of the 19th Annual Managers’ conference of the Apex Bank in Ho, which was on the...
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