Tag: Rural Bank's
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Ghana’s Community Bank Transition Must Drive Rural Industry, Not Just Rebrand
Ghana's microfinance sector is in the middle of its most sweeping structural reform in years. Under a Bank of Ghana directive that took effect...
Academic Backs Rural Bank Reform as March 31 Conversion Deadline Arrives
A senior banking academic has thrown his weight behind the Bank of Ghana's (BoG) directive requiring all rural banks to complete their conversion into...
Bank of Ghana Unveils Sweeping Microfinance Sector Reforms
The Bank of Ghana (BoG) has unveiled a comprehensive overhaul of the country's microfinance and community banking sector, introducing higher capital requirements, clearer institutional...
Bank of Ghana Orders Rural Banks Transformation by March
Ghana's central bank has mandated that all existing rural banks must convert into community banks by March 31, 2026, marking a fundamental shift in...
Otuasekan Rural Bank Delivers 153% Profit Growth in Challenging Year
Otuasekan Rural Bank has reported substantial financial gains for 2024, posting profit before tax of approximately GH₵13.1 million against GH₵5.2 million in 2023, representing...
