News & Reports
16th National Managers' Conference Of The ARB Apex Bank Limited And Rural & Community Banks
The ARB Apex Bank together with the over one hundred and forty rural and community banks across the country held its annual two-day managers conference in Ho, the capital of the Volta region at Volta Serene Hotel from 13th to 14th October, 2017 on the theme “MAKING GREATER IMPACT IN THE RURAL BANKING INDUSTRY THROUGH INNOVATION AND COLLABORATION FOR SUSTAINABLE GROWTH”.
25% corporate tax suffocating rural banks ... Apex Bank MD appeals for drastic reduction
Until September 1, 2015, when the Ghana Revenue Authority (GRA) announced the new Income Tax Act 2015, (Act 896), the Rural and Community Banks (RCBs) were paying eight percent tax on their annual income, which was increased to 25 percent.
Apex Bank raises red flag over unregulated funds concentration
Rural and Community Banks (RCBs) have been urged to invest in safe government and Bank of Ghana (BOG) instruments to ensure strong liquid reserves position for effective financial intermediation.
RCBs urged to strengthen internal control and governance systems
THE ARB Apex Bank Limited has urged rural and community banks (RCBs) to ensure that they strengthen their internal control and governance system, for efficient operations
"Put Premium on Customer Care"
Rural and community banks (RCBs) in the country need to put the customer at the centre of their service delivery to enhance their competitiveness in the banking industry, says George Osei-Mensah, outgoing General Manager of the Amansie West Rural Bank.
BoG increases minimum capital requirement of rural banks and microfinance companies
The Bank of Ghana (BoG) has increased the minimum paid-up capital requirement for obtaining a Tier 2 and Tier 3 Microfinance Institution License to 2 million cedis from 1 million cedis.
Rural banks challenged to create new products
The Managing Director of the ARB Apex Bank, Mr Kwadwo Ayeh Kusi, has challenged rural and community banks in the country to create and offer innovative products to meet the needs of their clients in their operational areas.