• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

ARB Apex Bank Opens New Office in Koforidua to Boost Access to RCBs

October 26, 2020
thevaultzby thevaultz
in Economics
0
ARB Apex Bank Opens New Office in Koforidua to Boost Access to RCBs

ARB Apex Bank

The ARB Apex Bank, a ‘mini’ central bank mandated to offer support services and to boost access to Rural and Community Banks in Ghana, opens its new office building in Koforidua, a suburb of Eastern Region.

The new building, which is worth GH¢3,142 million, consists of a regional office branch on the ground floor, an ultramodern conference room on the first floor, and other additional offices for the Association of Rural Banks in the Eastern Region.

The Second Deputy Governor of the Bank of Ghana, Mrs. Elsie Addo Awadzi, speaking at the official unveiling of the new building intimated that this depicts the ARB Apex Bank’s willingness to make its service available to impact and benefit both RCBs and their customers alike.

RelatedPosts

GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound

CalBank Marks 35 Years of Values-Driven Growth With ‘Red Week’

UBA Ghana Board Chair Wins Top Honour for Financial Stewardship at UBA Ghana

“The Commissioning of this building signals ARB Apex Bank’s readiness to expand the reach and impact of its work for the benefit of Rural and Community Banks and the customers they serve. ARB Apex Bank has played a pivotal role in facilitating effective rural financial intermediation over the years through its provision of banking and non-banking support services to RCBs with the aim of helping, to effectively address the banking needs of rural communities”.

mrs.addo

ARB Apex Bank plays a crucial role in facilitating effective rural and community banking, Mrs. Elsie Addo Awadzi opined, encouraging the board and management to go the extra mile.

“We expect that ARB Apex bank will continue to promote good cooperate governance, effective risk management, strong internal controls, consumer protection, and digitization in the RCB sector to help reposition the sector in this fast-evolving financial services space in Ghana.”

The Second Deputy Governor, further asserted that the “ARB Apex Bank’s recent ISO 27,001 certification is a major achievement that will help it to enhance information security in the rural and community banking environment going forward, and this will help to reduce the incidence of fraud and other related risks in the sector.”

The Bank of Ghana keeps on exploring ways to boost the capacity of ARB Apex Bank to shore up the RCB sector and its customers. “Once again, I congratulate the Board, Management and staff ARB Apex Bank on the successful completion of this ultra-modern facility,” she added.

The Managing Director for ARB Apex Bank, Kojo Mattah, addressing the audience, beckoned the general public to continue trusting RCBs and not be hesitant in transacting with them.

“ARB Apex Bank is a service facilitator and a mini central bank for rural and community banks in the country. We have 145 rural banks in Ghana, and these banks have been able to mobilize 4 and half billion Ghana cedis in deposit, the banks also provide loans to their customers, and even during COVID-19, they have given some sort of reliefs by way of interest and moratorium on interest and loan repayment”.

audience RCB

“We serve over six and half million customers, and we pride ourselves to have the largest network of over 800 rural and community bank branches. We are a pivot in the rural economic development, and we believe that rural banking has come to stay, and we would want to assure all our numerous customers to have confidence in the rural and community banks and continue to do business with us”.

 A total of 24 rural banks in the Eastern Region have mobilized GHS 650 Million in support of the economy, Mr. Mattah revealed.

“In the Eastern Region, we have about 24 rural banks, and among them, they have mobilized over 650 million Ghana cedis as at June 2020. This is no mean achievement looking at the competition in the banking, and again, I want to encourage our numerous customers and potential customers in the Eastern Region to continue doing business with the rural and community banks that are in their communities”.

The Chairman of the Board of Directors of ARB Apex Bank, Dr. Toni Aubynn, sharing his thoughts at the programme stated that processes are being put in place to ensure that the much-awaited Rural and Community Banks’ Agency Banking project is realized to help create jobs in various communities and increase the commission pool for the banks.

ARB Apex Bank would keep on making relevant and significant investments in the Eastern Region to make sure RCBs remain in the league of well-performing banks in the country, Dr. Aubynn assured.

Tags: ARB Apex BankBank of GhanaBanking sectorRural and Community Banks
Please login to join discussion
Previous Post

‘Boycott French products’ launched over French President’s Islam comments

Next Post

AfCFTA and African Eximbank collaborate to reduce cost in transacting business among African countries

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

DIHOC Inaugurated to aid industrialization
General News

DIHOC Inaugurated To Power Ghana’s Defence Drive

July 8, 2025
GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
Securities/Markets

GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound

July 8, 2025
Andy Appiah-Kubi, Party, Ghanaians
General News

Former NPP MP Applauds NDC’s Interim Economic Management

July 7, 2025
Ernest Yaw Kumi, Dceased MP for Akwatia
General News

Parliament Grieves Loss of Akwatia MP 

July 7, 2025
Iran’s Pezeshkian In Iraq For State Visit
Asia

Iran Open To Dialogue With US Provided Trust Is Established

July 7, 2025
CalBank Marks 35 Years of Values-Driven Growth Wit Red Week Reflections
Banking

CalBank Marks 35 Years of Values-Driven Growth With ‘Red Week’

July 7, 2025
DIHOC Inaugurated to aid industrialization
General News

DIHOC Inaugurated To Power Ghana’s Defence Drive

by Lilian AhedorJuly 8, 2025
GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
Securities/Markets

GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound

by Stephen M.CJuly 8, 2025
Andy Appiah-Kubi, Party, Ghanaians
General News

Former NPP MP Applauds NDC’s Interim Economic Management

by Silas Kafui AssemJuly 7, 2025
Ernest Yaw Kumi, Dceased MP for Akwatia
General News

Parliament Grieves Loss of Akwatia MP 

by Evans Junior OwuJuly 7, 2025
Iran’s Pezeshkian In Iraq For State Visit
Asia

Iran Open To Dialogue With US Provided Trust Is Established

by Comfort AmpomaaJuly 7, 2025
CalBank Marks 35 Years of Values-Driven Growth Wit Red Week Reflections
Banking

CalBank Marks 35 Years of Values-Driven Growth With ‘Red Week’

by Stephen M.CJuly 7, 2025
DIHOC Inaugurated to aid industrialization
GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
Andy Appiah-Kubi, Party, Ghanaians
Ernest Yaw Kumi, Dceased MP for Akwatia
Iran’s Pezeshkian In Iraq For State Visit
CalBank Marks 35 Years of Values-Driven Growth Wit Red Week Reflections
[/vc_row_inner]

Recent News

  • DIHOC Inaugurated To Power Ghana’s Defence Drive
  • GSE Bulls Charge Back: Energy, Telecom and Financial Stocks Lead Market Rebound
  • Former NPP MP Applauds NDC’s Interim Economic Management
  • Parliament Grieves Loss of Akwatia MP 
  • Iran Open To Dialogue With US Provided Trust Is Established
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.