Rural Bank launches shares promotion

The General Manager of Brakwa Breman Rural Bank (BBRB), Mr Kaedabi Donkor, has said the Ghana of Ghana (BOG) had directed rural banks to increase their share capital to 300,000.00 Ghana cedis.

He said to achieve this target the Bank had launched a shareholders’ promotion programme at its 29th Annual General Meeting held at Brakwa.

Mr Donkor said as a way of rewarding shareholders, the bank had set aside some items to be given to those who would buy shares from now up to January 2015.

These include GTP cloth for GH¢500.00 worth of shares, HI Target cloth for GH¢300.00 worth of shares, Woodin material for GH¢200.00 worth of shares, cutlass/T-shirt for GH¢100.00 worth of shares and exercise books for GH¢50.00 worth of shares.

He said if the bank is able to get the required amount it would be in a position to expand further, adding that it had been in existence for 32 years but has only three branches at Brakwa, Breman Asikuma and Odoben which is not good enough.