Nwabiagya Community Bank’s assets rise by 26.84 per cent

Nana Dankawoso said under the reforms, the minimum stated capital requirement for existing rural banks had increased from GHS 1 million to GHS 5 million.

He said the growth reflected the bank’s resilience and improved financial position despite the challenging and competitive operating environment, including increased competition from universal banks and fintech companies.

Appiagyei Dankawoso I, Guest Speaker, commended the Governor of the Bank of Ghana (BoG) for reforms in the financial sector, particularly the transition of rural banks into community banks.