Finance Minister applauds Nyakrom Community Bank for pioneering banking initiative
Dr Cassel Ato Forson, the Minister of Finance and Economic Planning, has applauded the Nyakrom Community Bank PLC for its pioneering initiative in Rural /Community banking.
Finance Minister Dr Cassel Ato Forson has praised Nyakrom Community Bank PLC for its innovative approach to rural and community banking. Dr Forson highlighted the bank's 50 years of excellent service in rural banking, which has had a positive impact on communities across Ghana. He noted that the bank's transition from rural to community banking aligns with the Bank of Ghana's (BOG) reforms and is a commendable achievement.
The community banking sector has grown to 147 banks with over 800,000 customers, providing credit access, mobilizing rural savings, and supporting financial enterprises. Nyakrom Community Bank has expanded to 11 branches with over 350 staff and 100,000 customers, with operations now reaching various regions in Ghana. The bank's CEO, Mr Kaidebi Donkor, asked for a reduction in the 30% tax imposed on community bank profits, as it affects their operations.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
