Three rural banks conclude merger plan

Three Rural Banks in the Central Region have concluded their merger plan to raise capital and consolidate their operations in the banking industry under the Gomoa Community Bank.

They are Gomoa Ajumako Rural Bank at Afransi, Gomoa Rural Bank at Apam and Eastern Gomoa Rural Bank at Gomoa Dominase.

Mrs Rose Newman, the Chairperson of the 11-member board of the bank, said this in an interview with the press after a football gala organized by the Gomoa Ajumako Rural Bank.

She said the Gomoa Community Bank with its head office at Gomoa Ankamu in the Gomoa West District has partially commenced business, awaiting final approval by Bank of Ghana (BOG).

She said the board has appointed a Managing Director to head the bank but declined to give more details about the appointment.

Mrs Newman said the three former banks offices will now operate as branches of the Gomoa Community Bank.

She expressed the hope that the merger will assist the bank to derive more profits and also keep them in the banking industry.

Mr Job Arkoh , Gomoa Ajumako Rural Bank branch Manager,  said the essence of organizing the football gala was to ensure that the workers stay fit adding that regular exercise was important for all workers.

Mr Arkoh said the bank has also launched new products to improve upon their services to customers.

Source: GNA