Rural banks in Ghana explained

Rural banks in Ghana are small locally owned banks that operate under a specific mandate to support development projects and financial services to the rural population in Ghana. Rural banks were first established in Ghana in 1976 to provide banking services, provide credit to small-scale farmers and businesses and support development projects, with the first being in Agona Nyakrom in Central Region.^{[1] [2] [3]} The banks are locally owned and managed.^[4]

By 2002 115 rural banks had been established.^[5] They are supervised by the wholesale clearing bank ARB Apex Bank^[6] under the regulation of Ghana's central bank, the Bank of Ghana,^[7] which owns shares in the banks.^{[8] [9] [10] [11] [12] [13]}

See also

• Atwima Rural Bank
• Economy of Ghana
• Bank of Ghana
• Regional rural bank in India

External links

• Official website of the Bank of Ghana

Further reading

• Book: Anin, T. E. . Banking in Ghana . Rural Banks . 176 ff. . 2000 . Woeli Publishing Services . 978-9964-978-67-9 .

Notes and References

1. Book: Tsamenyi, Matthew . Corporate Governance in Less Developed and Emerging Economies . The Case of Rural Banks in Ghana . Shazad Uddin . 311–334 . 2008 . . 978-1-84855-252-4 .
2. Book: Huq, M. M. . The economy of Ghana: the first 25 years since independence . 190 . 1989 . . 978-0-333-47049-7 .
3. Book: Russell, Nathan C. . Sustainable Food Production in Sub-Saharan Africa: Constraints and opportunities . 187 . 1993 . . 978-978-131-096-6 .
4. Book: Ghana, handbook of commerce and industry . 185 . 1988 . Ministry of Trade (Ghana) . 83335993 .
5. Book: Ghana: Selected Issues . 33 . 2007 . . 472599516 .
6. Book: Immigration Appeal Reports . 14 . 2006 . . 978-0-11-783200-8 .
7. Book: Gallardo, Joselito S. . Comparative review of microfinance regulatory framework issues in Benin, Ghana, and Tanzania . 27 . 2005 . . 62703733 .
8. Book: Page, Sheila . Monetary policy in developing countries . 89 . 1993 . . 978-0-415-08822-0 .
9. Book: Brydon, Lynne . Adjusting society: the World Bank, the IMF, and Ghana . Karen Legge . 59 . 1996 . . 978-1-86064-000-1 .
10. Book: Ansah, Mark Owusu . Nsoatreman Rural Bank, Ghana . 1–29 . 1999 . . 43522371 .
11. Book: Djurfeldt, Göran . The African food crisis: lessons from the Asian Green Revolution . Hans Holmén . Magnus Jirstroml . 225 . 2005 . . 978-0-85199-998-2 .
12. Book: Lentz, Carola . Ethnicity and the making of history in northern Ghana . limited . 229 . 2006 . . 978-0-7486-2401-0 .
13. Book: Baker, Judy L. . Evaluating the impact of development projects on poverty: a handbook for practitioners . 122 . 2000 . . 978-0-8213-4697-6 .