Cedis
Cedis

About 680 women in 34 groups have received financial support from the Bongo Rural Bank to help grow their businesses.

The women who are into various trades including farming received various sums of monies in the form of loans, totalling about one million Ghana cedis, to help grow their businesses and be empowered economically.

Mr Felix Akwara, Branch Manager of the Bank, disclosed this in an interview with the Ghana News Agency (GNA) at Bongo, in the Upper East Region.

Mr Akwara noted that it was the priority of the Bank over the years to ensure that vulnerable groups such as women were empowered, and added that these loan facilities were to promote quality livelihood in families since most of the women were bread winners.

He indicated that as part of efforts to promote agriculture and other agro businesses in the area, the Bank has created some facilities including support for farmers in loans, the provision of logistics such as inputs including agro-chemicals, and seeds among others to enable them produce more.

Mr Akwara said one of the major factors hindering the smooth running of rural banking in the Region was the introduction of Mobile Money transactions, and indicated that it discouraged savings in the bank and the potential to reduce deposits as more people in recent times prefer saving money on their mobile wallet to depositing it in the traditional bank.

Mr Akwara pointed out that even though the Bank has met the one million Bank of Ghana capital requirements and has been growing over the years on its deposits, the Bank, including other rural banks suffered from the crises that hit the banking sector in the country some months ago.

He said as part of efforts to promote customer care, it has built the capacity of its staff to create and conduct conducive banking environment for clients, adding, “We are creating an atmosphere for the customer to be closely part of the Bank and share ownership so they would see it as their own”.

The manager called on customers to pay their loans on time, so as to enable others access the facility, adding that the Bank had initiated several products and encouraged members of the public, residents of Bongo and its environs to enrol with the Bank and benefit from the numerous services.

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