Rural and Community Banks (RCBs) have been urged to invest in safe government and Bank of Ghana (BOG) instruments to ensure strong liquid reserves position for effective financial intermediation. Mr. Kwadwo Aye-Kusi, Managing Director of the ARB Apex Bank, expressed concern about the growing concentration of their funds in financial institutions other than the central bank. more
The total assets of the Avenor Rural Bank has increased to GHø11,311,838 in 2015, rising 29.14 per cent from GHø8,759,087 in 2014.
Its total investments also jumped 50.98 per cent from GHø2,640,272 to GHø3,986,226, thus improving its liquidity and reserve requirements, within a general performance outlook described by the ARB Apex Bank as ‘’very impressive’’.