RURAL BANKS IMPROVE DEVELOPMENT IN RURAL AREAS – REGIONAL MINISTER 27th Oct. 2018
The Acting Upper East Regional Minister Mr. Frank Adongo Fuseini, has lauded the impact of rural banks in Ghana emphasising that, the concept of rural and community banks has over the decades bridged the yawning gap that hitherto existed between rural and urban financial transactions. Cross Section of the Bank's Shareholders at the AGM In a speech read on his behalf at the 6 th Annual General Meeting of the Bongo Rural Bank over the weekend, the Minister also observed that, this class of banks had the responsibility of mobilising savings in rural communities, investing some of the savings for good returns and to use the funds to provide credit to micro-enterprises in their operational areas. This the Minister noted, would then trigger the needed growth and development in the local economies. Mr. Fuseini also noted that, rural banks were very critical stakeholders in the successful implementation of government’s flagship programmes such as the “Planting for Foo...