By: Robert Ayanful.
The Nyakrom Rural Bank PLC, the first rural bank in Ghana has estimated an average of GH 76 million Cedis this year (2025) to support its Women in Development (WID) program in the area of loans, and also increase its support base to cocoa farmers.
Last year, the Bank was said to have disbursed GH 62 million Cedis to over 9,184 customers, mostly 951 women groups.
This was revealed by the Board Chairman of the Bank, Nana Ambrose Linson Arthur during its 44th Annual General Meeting (AGM) at Agona Odoben in the Central Region.
According to him, Deposits from its customers increased from GH 91 335,412 Cedis in the year under review (2023/2024) to GH 138,957,716 and this was attributed to its Susu operations, with its Total Assets also increasing from GH 100, 192,953 Cedis to GH 154,601,386 Cedis under the same period.
The Bank’s Total I vestments was said to have also increased from GH 21,091,274 Cedis to GH 56, 130,206 over the period under review, representing 166 percent, whiles its Net Loans and Advances also grew from GH 59,861,827 Cedis to GH 72,398,604 Cedis, representing 21 percent in growth.
The Board Chairman, Nana Ambrose Linson Arthur further disclosed that as part of its Corporate Social Responsibilities, the Bank donated towards the completion of classroom blocks of Sidiq Senior High School in Agona Nyakrom, Scholarship to 12 brilliant but needy students, Salvation Army School for the Deaf at Agona Swedru, Namanwora Senior High School, the Ghana Immigration Service in Agona Swedru and the Ghana Police Service in Agona Nyakrom, as well as supported the Annual Akwambo festival celebrations of Agona Nyakrom, Kwanyako and Bobikuma.