The Board of Directors of ARB Apex Bank Limited has noted with grave concern certain developments at the Bank, Which have been published by the media and wish to state the following:
ARB Apex Bank has opened a multi-purpose office building in Adweso, a suburb of Koforidua in the Eastern Region, to provide a safer and conducive working environment for Rural and Community Banks (RCBs) in the region.
The GH¢3,142 million building, has a regional office branch on the ground floor, a state-of-the-art conference room on the first floor and offices for the Eastern Regional Chapter of Association of Rural Banks.
It is increasingly recognised that we live in a VUCA World, characterized by Volatility, Uncertainty, Complexity and Ambiguity. The Covid-19 pandemic has shown how quickly major economic disruption can occur.
Leading economies suddenly see numerous businesses facing bankruptcy. The dislocation, coupled with the impact of new technology, will accelerate the pace of change. To prepare for the future, we need to explore opportunities and develop new approaches. In the context of Ghana, author of this article, who is the CEO of JCS Investments, is urging the government to collaborate with relevant entities to develop a plan that strengthens rural SME operations.
The acronym MSMEs denotes Micro, Small and Medium Sized Enterprises.
According to the World Bank, MSMEs play a major role in most economics particularly in developing countries. It further said that MSMEs account for majority of businesses worldwide and are important contributors to job creation and global economic development.
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