Atwima Rural Bank

Last updated

Atwima Rural Bank Ltd
Industry Financial services
Founded1980
HeadquartersP.O.Box KW 33 Kwadaso, ,
Key people
Kwabena Awuah (Chairman)

Atwima Rural Bank Ltd is a rural bank founded in 1980 and located in Kumasi, Ghana. [1] Like other rural banks in Ghana it provides banking services to the rural population and is regulated by the ARB Apex Bank.

In 2008 the bank informed that its deposits grew from GH¢29,379 in 2006 to GH¢3,615,010 in 2007. [2]

Atwima Rural Bank was included to The impact of Rural Banks on Poverty Alleviation in Ghana study, because it operates at peri-urban area. [3]

Related Research Articles

<span class="mw-page-title-main">Economy of Ghana</span> National economy

The economy of Ghana has a diverse and rich resource base, including the manufacturing and exportation of digital technology goods, automotive and ship construction and exportation, and the exportation of diverse and rich resources such as hydrocarbons and industrial minerals. These have given Ghana one of the highest GDP per capita in West Africa. Owing to a GDP rebasement, in 2011 Ghana became the fastest-growing economy in the world.

<span class="mw-page-title-main">Microcredit</span> Small loans to impoverished borrowers

Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent.

<span class="mw-page-title-main">John Kufuor</span> President of Togo from 2001 to 2009

John Kofi Agyekum Kufuor is a Ghanaian politician who served as the President of Ghana from 7 January 2001 to 7 January 2009. He was also Chairperson of the African Union from 2007 to 2008.

<span class="mw-page-title-main">Ashesi University</span> Private university in Ghana

Ashesi University is a private, non-profit university located in Accra, Ghana. The mission of Ashesi University is to educate ethical, entrepreneurial leaders in Africa; to cultivate within students the critical thinking skills, the concern for others, and the courage it will take to transform the continent.

<span class="mw-page-title-main">Kwesi Botchwey</span> Ghanaian academic and politician (1944–2022)

Kwesi Botchwey was a Ghanaian government official and Professor of Practice in Development Economics at The Fletcher School of Law and Diplomacy of Tufts University.

<span class="mw-page-title-main">Atwima-Nwabiagya (Ghana parliament constituency)</span> Constituency in Ghana

Atwima-Nwabiagya is one of the constituencies represented in the Parliament of Ghana. It elects one Member of Parliament (MP) by the first past the post system of election. Atwima-Nwabiagya is located in the Atwima Nwabiagya District of the Ashanti Region of Ghana. In 2012 the constituency was split into the Atwima Nwabiagya South and the Atwima Nwabiagya North constituencies.

This is the list of rural banks in Ghana. Rural banks were first established in Ghana in 1976 to provide banking services to the rural population, providing credit to small-scale farmers and businesses and supporting development projects, with the first being in Agona Nyakrom in Central Region. The banks are locally owned and managed. By 2002 115 rural banks had been established. They are supervised by the clearing bank ARB Apex Bank under the regulation of the Bank of Ghana, which owns shares in the banks.

Ghana's Ministry of Food and Agriculture (MOFA) is the government agency responsible for the development and growth of agriculture in the country. The jurisdiction does not cover the cocoa, coffee or forestry sectors.

The Ghana Club 100 is a yearly official list of the top 100 companies in Ghana. The compilation was first done in 1998 by the Ghana Investment Promotion Centre (GIPC) with the aim of recognition of the top 100 companies and to encourage competition and improvement of company products and services in the country. It is based on the responses of a survey conducted annually by the GIPC, which companies can voluntarily participate in by submitting various information, including their financial statements. Due to the voluntary nature of the survey, in some years the number of companies listed has been fewer than 100. Most of the companies listed on the Ghana Stock Exchange are included in Ghana Club 100.

ARB Apex Bank is a mini central bank for the Rural & Community Banks (RCBs). The basic facts:

<span class="mw-page-title-main">Benito Owusu Bio</span> Ghanaian politician

Benito Owusu Bio is a land economist and Ghanaian politician of the Republic of Ghana. He is the Member of Parliament representing Atwima-Nwabiagya constituency of the Ashanti Region of Ghana in the 4th,5th,6th, 7th and the 8th Parliament of the 4th Republic of Ghana. He is a member of the New Patriotic Party.

<span class="mw-page-title-main">Atwima-Nwabiagya South (Ghana parliament constituency)</span> Constituency in Ghana

Atwima-Nwabiagya South is one of the constituencies that are represented in the Parliament of Ghana. It elects one Member of Parliament (MP) by the first past the post system of election. Atwima-Nwabiagya South is located in the Atwima Nwabiagya District of the Ashanti Region of Ghana. The constituency and Atwima-Nwabiagya North are sister constituencies born out of the Atwima-Nwabiagya constituency in 2012.

<span class="mw-page-title-main">Emmanuel Adjei Anhwere</span> Ghanaian politician

Emmanuel Adjei Anhwere, (MP) is a Ghanaian politician and the member of parliament in the Seventh Parliament of the Fourth Republic of Ghana and the eighth Parliament of Ghana, representing the people of Atwima-Nwabiagya South constituency of the Ashanti region of Ghana.

The Kumasi Military Hospital is a military hospital in Afari in the Atwima Nwabiagya District of the Ashanti Region of Ghana.

<span class="mw-page-title-main">Isaac Kwame Asiamah</span> Ghanaian politician

Isaac Kwame Asiamah is a Ghanaian politician of the Republic of Ghana. He is the Member of Parliament of Atwima Mponua constituency. He has been the member of parliament for the constituency in the 4th, 5th, 6th, 7th and the 8th Parliament of the 4th Republic of Ghana. He is a member of the New Patriotic Party of Ghana. From February 2017 to January 2021, he served as the Minister of Youth and Sports.

The Ghana banking crisis was a severe banking crisis that affected Ghana between August 2017 and January 2020. The Bank of Ghana (BoG) allowed several indigenous banks to be taken over by private companies between August 2017 and January 2019 after Nana Akufo-Addo was elected president in December 2016. Most of the indigenous banks had been at the risk of defaulting on their loans, as they had been affected by the economic fallout of the Great Recession, which caused the events leading up to the Arab Spring that occurred in North Africa beginning in 2010. The crisis is the most severe economic crisis to affect Ghana since it became an independent country in 1960. The COVID-19 pandemic arrived in Ghana towards the end of the banking crisis in 2020, dealing further damage to the country's economy.

Kojo Appiah-Kubi is a Ghanaian politician and member of the Seventh Parliament of the Fourth Republic of Ghana representing the Atwima Kwawoma Constituency in the Ashanti Region on the ticket of the New Patriotic Party.

Ekumfi Fruits and Juices Limited is a Ghanaian fruit juice company which specializes in the manufacturing of locally made fruit juices from the Ekumfi Abor district in the Central Region of Ghana. The organisation was born as part of the government's flagship programme One district, one factory (1D1F) initiative in 2019.

<span class="mw-page-title-main">Kofi Amankwa-Manu</span> Ghanaian politician

Kofi Amankwa-Manu is a Ghanaian politician who is a member of the New Patriotic Party (NPP). He is the member of parliament for the Atwima-Kwanwoma Constituency in the Ashanti Region of Ghana.

Twedie is a town in the Ashanti Region of Ghana. It's located 16 km west of Kumasi, the Ashanti Regional capital. Twedie is the district capital of the Atwima Kwanwoma District.

References

  1. "Atwima Rural Bank Ltd" . Retrieved 15 March 2017.
  2. "Atwima Rural Bank records profit". 22 December 2008. Retrieved 17 March 2017.
  3. "The impact of Rural Banks on Poverty Alleviation in Ghana. A case of Bosomtwe and Atwima Rural Banks limited" . Retrieved 17 March 2017.