The Branch Manager of ARB Apex Bank Limited, Rural and Community Banks (RCBs) Susan Boateng, Sunyani has stressed the need to institute robust structures in order to sustain and grow operations.
She noted that with the banking sector cleaned up, it was imperative for RCBs to adopt strong internal controls and strict risk management compliance procedures to safeguard against melting the liquidity of the banks.
Ms Boateng said this while addressing the 17th biennial general meeting of Brong-Ahafo Chapter of the Association of Rural Banks-Ghana in Sunyani.
“It is my fervent hope and belief that as management and board of directors of our various financial institutions, we need to have second thoughts about these concerns so that we can take the rural and community banks to the level where we can become the bank of preferred choice,” she stated.
She noted that ARB Apex Bank was committed to assisting RCBs to provide effective and efficient service to spur rural development and the entire financial ecosystem, adding that
“restructuring and reorganisation are underway to make that dream a reality.”
Ms Boateng reaffirmed that the ARB Apex Bank would continue to work together with the Bank of Ghana and other stakeholders to ensure a sound rural banking industry in the country.
Present at the meeting were Chief Executive Officers and Board Chairmen of RCBs in Bono, Bono East and Ahafo regions.
The President of the Brong-Ahafo Chapter of the Association of Rural Banks-Ghana, Isaac Owusu Gyamfi, said the Chapter Secretariat would research the training needs for staff of member banks.
This he noted, would help develop appropriate motivation schemes and measure the capabilities of employees.
He took the participants through the highlights of activities embarked on by the member banks and the Chapter as well.
