Business News of Thursday, 18 December 2025

Source: Nana Peprah, Contributor

Board Chairman urges Ghanaians to stop hoarding money and embrace saving culture

Collaged images of the board chairman, the CEO and other stakeholders Collaged images of the board chairman, the CEO and other stakeholders

The Board Chairman of the Juaben Rural Bank PLC, Dr Nana Appiagyei Dankawoso I, has issued acall to action, urging Ghanaians to cultivate an unwavering saving culture.

He emphasized this as the crucial bedrock for forging personal financial security and achieving robust, long-term economic stability.

Expressing grave concern, Dr Nana Appiagyei Dankawoso I lamented that despite an era of dazzling technological advancement and a booming financial sector, countless individuals still dangerously choose to hoard their hard-earned money at home, hidden under pillows, mattresses, and beds.

He warned that such archaic practices are a direct invitation to theft and devastating financial loss and however pleaded for an immediate abandonment of these risky habits in favor of modern, impenetrable banking methods.

Dr Nana Appiagyei Dankawoso passionately underscored that entrusting savings to a bank offers unparalleled security and profound peace of mind.

He detailed how financial institutions provide meticulously structured systems that do not only shield deposits but also catalyze opportunities for significant financial growth.

"Regular savings do more than just safeguard income. They forge a powerful shield against emergencies, arm individuals to withstand brutal economic shocks, and meticulously pave the way for future prosperity". He said.

These pivotal remarks were made by the board chairman during the grand commissioning of the 12th branch of the Juaben Rural Bank PLC at Atonsu Agogo in the Ashanti Region.

He implored residents of the area to seize this golden opportunity, to open accounts, save with unwavering consistency, and forge a transformative partnership with the bank to elevate their financial destiny.

He further declared that a robust saving culture is not merely a personal choice; it is an indispensable engine for national development. It dramatically fortifies the entire banking sector, empowering financial institutions to inject vital credit into businesses, agriculture, and other productive ventures.

In his compelling address, the Chief Executive Officer of the Juaben Rural Bank PLC, Elder Noble Augustine Awere Damoah, extended profound appreciation to customers whose unflinching support and loyalty have been the very cornerstone of the bank's rapid growth.

He pledged an era of intensified collaboration and superior service delivery as the bank continues its dynamic expansion.

Elder Damoah also made an urgent plea to all customers who have accessed loan facilities to honor their repayment obligations with absolute promptness. He stressed that timely repayment is not just a responsibility; it is the critical circulatory system that allows the bank to extend life-changing loans to even more individuals and businesses to sustain the community's economic growth.

Finally, he charged the bank's staff to embody unwavering professionalism, unquestionable integrity, and a relentless customer-focused service. He reminded them that the very success of Juaben Rural Bank PLC hinges entirely on the sacred trust and unwavering confidence of its cherished customers.

The commissioning of the Atonsu Agogo branch, according to the CEO, stands as a monumental milestone in Juaben Rural Bank PLC’s ambitious expansion drive, powerfully reaffirming its deep commitment to championing financial inclusion, ignite savings, and propel sustainable economic development across every corner of its operational sphere.