• About
  • Advertise
  • Privacy Policy
  • Contact
Sunday, October 12, 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

Amanano Rural Bank’s Remarkable Turnaround: From Losses to Profits in a Swift Ascent

Stephen M.Cby Stephen M.C
November 21, 2023
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Banking
0
Amanano Rural Bank's Remarkable Turnaround: From Losses to Profits in a Swift Ascent

In a momentous revelation at the 35th Annual General Meeting of Shareholders held in Nyinahin, the Amanano Rural Bank PLC announced a groundbreaking shift in its financial trajectory.

The Board Chairperson, Oheneyere Augustina Asare Osei, disclosed that the bank had successfully transformed its financial landscape, recording a gross profit of GHC 842,127.00 in 2022. This marks a significant reversal from the preceding years, notably a loss of GHC 1,941,434.00 recorded in 2021.

The chairperson’s report further heightened the shareholders’ jubilation by unveiling an even more robust financial standing as of 31st October, 2023, with an additional gross profit of GHC 4.4 million. These profits underscore a new era for the Amanano Rural Bank, signaling operational stability achieved through the rigorous implementation of strategic management and corporate governance policies.

RelatedPosts

Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

Ghana’s Banking Industry Battles Rising Defaults from Migrated Medical Practitioners

Absa Bank Ghana Kicks Off Customer Service Week 2025 with Bold Pledge to Make Banking Easier and Faster

Oheneyere Asare Osei, drawing logical projections from this financial success, announced a momentous development for the shareholders – the bank is poised to pay dividends in 2025, a significant milestone after years of financial restructuring.

The success narrative of the Amanano Rural Bank is credited to the visionary leadership of the Board of Directors, who have prioritized fiscal discipline, prudent management of depositors’ funds, and instilled commitment throughout the bank’s management and staff. This commitment has, in turn, strengthened the bank’s liquidity position, paving the way for the impressive profits announced.

At the heart of this transformation is the Board, which assumed office in February 2022. Led by Chairperson Oheneyere Augustina Asare Osei, other members include Professor Kwaku Dwumor Kessey (Vice Chairman), Mr. Ignatius Kwame Otoo, Mr. George Fuseini, Esq, and Mr. Raymond Ofosu-Atoubi. Their strategic direction has propelled the bank from the depths of losses to the pinnacle of profitability in a relatively short span.

ADVERTISEMENT

Opportunity to Appeal to Shareholders

In a call to action, the Board of Directors seized the AGM as an opportunity to appeal to shareholders to increase their stake in the bank by acquiring more shares. This move is aimed at enhancing the bank’s share value, a crucial factor in facilitating the payment of dividends.

The Chief Executive Officer (CEO) of the Amanano Rural Bank, Mr. Noble Christian Osei-Bonsu, expressed confidence in the bank’s continued success. Impressed with the current performance, he assured shareholders of the management’s unwavering dedication to bringing further improvements to the bank’s financial indicators.

The AGM was graced by esteemed dignitaries, including Nana Amanpene Boateng Twum II, Nyinahinhene; Mr. Kofi Owusu, Ashanti Regional Director, ARB APEX Bank; Vice Chairman, Association of Rural Bank, Ashanti Chapter; and representatives of sister rural banks.

The Amanano Rural Bank’s journey from losses to profits stands as a testament to effective leadership, strategic management, and a commitment to financial excellence. As the bank looks forward to a dividend payout in 2025, it signals not only a financial turnaround but also a promise of sustained growth and prosperity for its shareholders.

As the bank charts this new course, it also beckons a spotlight on the broader implications for the regional banking landscape. The Amanano Rural Bank’s success story serves as inspiration for other financial institutions grappling with challenges, demonstrating that with prudent management and a steadfast commitment to financial discipline, even the most challenging situations can be turned around.

This remarkable transformation is not just about numbers on a balance sheet; it’s about the livelihoods and investments of the shareholders, the trust of the community, and the resilience of a local financial institution. The Amanano Rural Bank’s journey unfolds as a beacon of hope, illustrating that, in the dynamic world of finance, strategic decision-making and a resolute focus on sustainable growth can rewrite the narrative of any institution, turning setbacks into springboards for success.

READ ALSO: Participants at TWN-Africa’s Regional Forum on AfCFTA: Challenges Persist in the Free Movement of Persons

Tags: Amanano Rural BankAmanano Rural Bank's Remarkable TurnaroundFrom Losses to Profits in a Swift Ascentgross profit
Please login to join discussion
Previous Post

Xi Calls For Release Of Hostages

Next Post

Media Urged To Hold Live Debate For Presidential Aspirants On Key Issues

[mc4wp_form id="1264"]

Related Posts

Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025
Banking

Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

October 11, 2025
Ghana’s Banking Industry Battles Rising Defaults from Migrated Medical Practitioners
Banking

Ghana’s Banking Industry Battles Rising Defaults from Migrated Medical Practitioners

October 10, 2025
Absa Bank Ghana Kicks Off Customer Service Week 2025 with Bold Pledge to Make Banking Easier and Faster
Banking

Absa Bank Ghana Kicks Off Customer Service Week 2025 with Bold Pledge to Make Banking Easier and Faster

October 9, 2025
ADB Marks Customer Service Week with Renewed Pledge to Redefine Banking Experience in Ghana
Banking

ADB Marks Customer Service Week with Renewed Pledge to Redefine Banking Experience in Ghana

October 8, 2025
Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn
Banking

Ghana’s Banks Lose Nearly GH¢900m to Bad Loans in 6 Months as NPLs Hit GH¢20.7bn

October 7, 2025
GCB Bank Champions a New Era of Women’s Leadership in Ghana’s Banking Industry With Launch of ‘Sheagles Soar’
Banking

GCB Bank Champions a New Era of Women’s Leadership in Ghana’s Banking Industry With Launch of ‘Sheagles Soar’

October 6, 2025
Political Interests Derailing Ghana’s Fight Against Galamsey
General News

Security Consultant Urges Hotline, Political Courage in Galamsey Fight

by Silas Kafui AssemOctober 11, 2025
Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms
Economy

Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms

by Stephen M.COctober 11, 2025
Professor Stephen Kwaku Asare
General News

The More Lawyers, the Better for Rule of Law – Professor Asare Insists on Expansion of Legal Education

by Evans Junior OwuOctober 11, 2025
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
Africa

RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

by Comfort AmpomaaOctober 11, 2025
GoldBod’s New Aggregation System Targets Smuggling, Boosts Exports 
Extractives/Energy

GoldBod CEO Rejects Claims of Buying Gold from Illegal Miners

by Prince AgyapongOctober 11, 2025
Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025
Banking

Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

by Stephen M.COctober 11, 2025
Political Interests Derailing Ghana’s Fight Against Galamsey
Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms
Professor Stephen Kwaku Asare
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher
GoldBod’s New Aggregation System Targets Smuggling, Boosts Exports 
Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

Recent News

Political Interests Derailing Ghana’s Fight Against Galamsey

Security Consultant Urges Hotline, Political Courage in Galamsey Fight

October 11, 2025
Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms

Ghana Climbs Credit Ladder as Moody’s Issues Major Upgrade, Signals Strong Economic Comeback Under IMF Reforms

October 11, 2025
Professor Stephen Kwaku Asare

The More Lawyers, the Better for Rule of Law – Professor Asare Insists on Expansion of Legal Education

October 11, 2025
RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

RSF Strikes Dar Al-Arqam Displacement Centre In El-Fasher

October 11, 2025
GoldBod’s New Aggregation System Targets Smuggling, Boosts Exports 

GoldBod CEO Rejects Claims of Buying Gold from Illegal Miners

October 11, 2025
Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

Ghana’s State-Owned Banks Face IMF Deadline: Recapitalisation Must End by 2025

October 11, 2025
The Vaultz News

Copyright © 2025 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 © 2025 The Vaultz News. All rights reserved.