Ga Rural Bank Expands Network

DSC_8836The Ga Rural Bank Limited (GRBL), has opened two new branches at Kwabenya and Medie in the Greater Accra Region, to add to its four existing branches.

The bank, which has 65, 816 customers and a total assets of GH¢20,895,336.00, has also embarked on an expansion project to open new branches at Pokuase, Ablekuma, and Muus Timber Market.

Cutting the tape to open the Kwabenya Branch, the board chair of GRBL, Nana Bram Okae II, said the bank is committed to bringing banking to the door step of community.

According to him, the opening of the new branches demonstrated the banks commitment to its vision of bettering the livelihoods of people within the area.

Nana Okae II said, for instance, the bank allocated GH¢18,834 by the end of 2012 to support businesses and institutions and had established a scholarship scheme designed to support deserving Senior High/technical School entrants annually.

He, commended shareholders, management, staff and customers of the bank for their efforts in making the bank’s dreams a reality.

The General Manager of the Bank, Mr. Samuel Larkai, said the bank had complied with all statutory provisions of the Bank of Ghana in terms of capital and liquidity requirements and is currently a big force to reckon with, in terms of provision of financial services in the peri-urban and rural areas of the region.

Mr. Larkai further stated that the bank is also securing long-term funding under the Out-grower Value Chain Fund (OVCF) to support pineapple growers in the Samsam-Odumase area.

According to him, the shares of the bank were still opened to all at 0.30Gp and interested persons could purchase a minimum of 100 shares, whereas the dividend stands at 0.05Gp per share. By Charles Amankwa   


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