Rural banks in Ghana

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Rural banks in Ghana are small locally owned banks that operate under a specific mandate to support development projects and financial services to the rural population in Ghana. Rural banks were first established in Ghana in 1976 to provide banking services, provide credit to small-scale farmers and businesses and support development projects, with the first being in Agona Nyakrom in Central Region. [1] [2] [3] The banks are locally owned and managed. [4]

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By 2002 115 rural banks had been established. [5] They are supervised by the wholesale clearing bank ARB Apex Bank [6] under the regulation of Ghana's central bank, the Bank of Ghana, [7] which owns shares in the banks. [8] [9] [10] [11] [12] [13]

See also

References

  1. ↑ Tsamenyi, Matthew; Shazad Uddin (2008). "The Case of Rural Banks in Ghana". Corporate Governance in Less Developed and Emerging Economies. Emerald Group Publishing. pp. 311–334. ISBN   978-1-84855-252-4.
  2. ↑ Huq, M. M. (1989). The economy of Ghana: the first 25 years since independence. Macmillan. p. 190. ISBN   978-0-333-47049-7.
  3. ↑ Russell, Nathan C. (1993). Sustainable Food Production in Sub-Saharan Africa: Constraints and opportunities. International Institute of Tropical Agriculture. p. 187. ISBN   978-978-131-096-6.
  4. ↑ Ghana, handbook of commerce and industry. Ministry of Trade (Ghana). 1988. p. 185. OCLC   83335993.
  5. ↑ Ghana: Selected Issues. International Monetary Fund. 2007. p. 33. OCLC   472599516.
  6. ↑ Immigration Appeal Reports. The Stationery Office. 2006. p. 14. ISBN   978-0-11-783200-8.
  7. ↑ Gallardo, Joselito S. (2005). Comparative review of microfinance regulatory framework issues in Benin, Ghana, and Tanzania. World Bank Publications. p. 27. OCLC   62703733.
  8. ↑ Page, Sheila (1993). Monetary policy in developing countries. Routledge. p. 89. ISBN   978-0-415-08822-0.
  9. ↑ Brydon, Lynne; Karen Legge (1996). Adjusting society: the World Bank, the IMF, and Ghana. I.B.Tauris. p. 59. ISBN   978-1-86064-000-1.
  10. ↑ Ansah, Mark Owusu (1999). Nsoatreman Rural Bank, Ghana. World Bank. pp. 1–29. OCLC   43522371.
  11. ↑ Djurfeldt, Göran; Hans Holmén; Magnus Jirstroml (2005). The African food crisis: lessons from the Asian Green Revolution. CABI. p. 225. ISBN   978-0-85199-998-2.
  12. ↑ Lentz, Carola (2006). Ethnicity and the making of history in northern Ghana . Edinburgh University Press. p.  229. ISBN   978-0-7486-2401-0.
  13. ↑ Baker, Judy L. (2000). Evaluating the impact of development projects on poverty: a handbook for practitioners. World Bank Publications. p. 122. ISBN   978-0-8213-4697-6.

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