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Business News of Sunday, 29 September 2013

Source: Graphic Business

New rural bank for Senase

A new rural bank has been opened at Senase in the Berekum Municipality in the Brong Ahafo Region, to offer more financial support to the people to boost agriculture and other commercial activities to help reduce poverty in the area.

Bomosadu Rural Bank Limited is the 139th rural bank to be opened in the country and the 21st to begin operations in the Brong Ahafo Region after meeting all the legal and statutory requirements by the Bank of Ghana (BOG) and ARB Apex Bank Limited.

Opening the bank, the Managing Director of the ARB Apex Bank Limited, Mr Kwadwo Aye Kusi, in a speech read on his behalf by the Sunyani branch manager, Mr Mark Odoi Adjei, advised the board and management of the bank to come out with prudent, dynamic and aggressive strategies to avoid the infantile crises that many new organisations face.

Mr Kusi further advised the bank to strengthen its internal control mechanisms to minimise the incidence of irregularities such as fraud to enable the bank achieve its objectives.

He urged management of the bank to invest in training programmes that would help staff to improve on service delivery and endeavour to build a good corporate image to ensure continuous patronage of their products.

The Managing Director of the ARB Apex Bank appealed to shareholders of the bank to increase their shares to enable it have long-term funds to expand its activities.

The Board Chairman of the bank, Mr Stephen Asante, a Legal Practitioner, gave an assurance that the bank would put in place policies and measures in line with the rules of BOG, Apex Bank and the Association of Rural Banks (ARBs) to ensure that quality services and products were offered to the people in the bank's catchment areas.

He appealed to management and staff of the bank to be courteous to and tolerant with their customers. The Krontihene of the Berekum Traditional Area and chief of Senase, Nana Ofori Appiah II, who said he was instrumental in the establishment of the bank in the town, urged the people to see the bank as theirs and patronise it to ensure its success.

Mr Ernest K. Apraku, a promoter of the bank, commended all his other colleagues who worked hard behind the scenes to establish the bank.