Rural Banks Should Advise Customers In Areas Of Investment - Chief Executive

Nsoatre (Brong Ahafo Region) 13 Oct. The Sunyani District Chief Executive, Mr. Kwadwo Nyamekye-Marfo, has called on rural banks to assist their customers to invest in export promoting industries. He said they could do this by granting soft loans to their customers especially farmers to enable them to increase production in both traditional and non-traditional export crops. Mr. Nyamekye-Marfo made the call in an address read on his behalf at the 12th annual general meeting of the Nsoatreman rural bank at Nsoatre, near Sunyani, yesterday. He said rural banks have very bright future because there is a global support and emphasis on micro-financing which is their speciality. He said one major factor which is besetting the growth of some rural banks is manpower training and appealed to non-governmental organisations and other institutions to assist these banks to improve their capacity building for efficient operation. Mr. Nyamekye-Marfo commended the Nsoatreman rural bank for its excellent performances over the years and entreated the management and staff to work even harder for better results. The vice-chairman of the board of directors, Mr. King Kusi Asomah, said for the first time the bank is paying 12.5 million cedis to its shareholders as their dividend for 1995 and 1996. Mr. Asomah said though the bank's share position increased to 38.3 million cedis last year as against 37 million cedis the preceding year, which justifies its re-licensing as a community bank, shareholders should still buy more shares.

Nsoatre (Brong Ahafo Region) 13 Oct. The Sunyani District Chief Executive, Mr. Kwadwo Nyamekye-Marfo, has called on rural banks to assist their customers to invest in export promoting industries. He said they could do this by granting soft loans to their customers especially farmers to enable them to increase production in both traditional and non-traditional export crops. Mr. Nyamekye-Marfo made the call in an address read on his behalf at the 12th annual general meeting of the Nsoatreman rural bank at Nsoatre, near Sunyani, yesterday. He said rural banks have very bright future because there is a global support and emphasis on micro-financing which is their speciality. He said one major factor which is besetting the growth of some rural banks is manpower training and appealed to non-governmental organisations and other institutions to assist these banks to improve their capacity building for efficient operation. Mr. Nyamekye-Marfo commended the Nsoatreman rural bank for its excellent performances over the years and entreated the management and staff to work even harder for better results. The vice-chairman of the board of directors, Mr. King Kusi Asomah, said for the first time the bank is paying 12.5 million cedis to its shareholders as their dividend for 1995 and 1996. Mr. Asomah said though the bank's share position increased to 38.3 million cedis last year as against 37 million cedis the preceding year, which justifies its re-licensing as a community bank, shareholders should still buy more shares.