Tag: Rural and Community Banks
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Rural banks deposits increase by 22% to reach GHS4.3bn
Latest figures from the Central Bank covering the second quarter of 2020, shows an improvement in the value of deposits mobilized by rural and community banks (RCBs) between April and June of 2020, when compared to the same period in 2019. According to the data, deposit mobilization by rural and community banks, RCBs, saw a…
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BoG not collapsing rural and community banks — ARB Apex Bank denies viral ‘malicious’ message
The ARB Apex Bank has asked the public to disregard a message making the rounds that the central bank will soon revoke licenses of rural and community banks. According to the press release, a malicious audio message circulating on social media platforms including WhatsApp is purporting that Bank of Ghana has plans to withdraw the…
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We’ll work with Bank of Ghana to fix challenges — ARB Apex Bank
The ARB APEX Bank Limited has assured the public that it will work together with the Bank of Ghana to address challenges facing some rural and community banks to ensure that funds of depositors are protected. Kojo Mattah, Managing Director of ARB APEX Bank Limited, gave the assurance in a speech delivered on his behalf…
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Malicious messages about Rural Banks can hurt financial sector – Dep ARB Apex Bank MD
The Deputy Managing Director of ARB Apex Bank, Alex Awuah has cautioned individuals responsible for spreading false messages about the state of Rural and Community Banks in the country, to desist from their actions, since they can negatively affect that segment of the financial system. His comments follow a recent call by the Bank of…
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Disregard messages on social media about Rural and Community Banks – BoG
The Bank of Ghana has called on the public to disregard some malicious messages circulating on social media platforms such as WhatsApp and Facebook. According to a press release from the Central Bank, the messages create the false impression that an intended “clean up” of Rural and Community Banks (RCBs) sub-sector by the Bank of…