In 1981 thirty-one (31) Rural Banks came together to form the Rural Bankers Association (the name was later changed to Association of Rural Banks-Ghana).
In line with registration of businesses in Ghana, the Association was registered under the Companies Code 1963 (Act 179) as a company limited by guarantee.
The main objectives of the Association are as follows:
By 1985 some of the rural banks were bedeviled with problems that tended to erode the benefits of the rural banking scheme which were beginning to be manifested in the few rural banks which were operating satisfactorily.
To address the problems of rural banks, the Association with the support of the Bank of Ghana pursued a wide-ranging program of training for Directors and all levels of rural banks staff – Managers, Accountants, Project Officers, and other staff in virtually all areas of banking.
In 1994 the Bank of Ghana withdrew the technical services such as cheque clearing, specie supply, and treasury management that it was providing for the rural banks. At this point, the Association had no alternative but to arrange for an institution that could deal with the rural banks on a holistic basis.
In collaboration with the Bank of Ghana and the World Bank, the Association of Rural Banks commissioned Messrs Sycip Gorres Velayo & Co (SVG) Consultants in 1996 to study the situation of rural banks and recommend solutions drawing the experiences of the rural banking systems of the Netherlands and the Philipines.
The SVG & Co’s Completion Report on the study recommended that an Apex Institution should be set up for the rural banks to provide technical, managerial, and financial support.
In April 1998 the Association of Rural Banks in conjunction with the Bank of Ghana and the Government of Ghana, commissioned Messrs J.S Addo Consultants to prepare a feasibility report and business plan for the establishment of an Apex Bank for the rural banks.
An interim Board of Directors known as the Transition Apex Steering Committee (TASC) was constituted on 22nd September 1998 and tasked with the responsibility of establishing the Apex Bank.
The Committee was under the chairmanship of the Governor of the Bank of Ghana with 4 representatives from the Association of Rural Banks-Ghana including the then President of the Association, Dr. Sam Dufu.
The bank was registered as a public limited liability company and incorporated on 4th January 2000. ARB Apex Bank commenced business on 2nd July 2002
The Association of Rural Banks is the apex body of all rural banks in Ghana. Association of Rural Banks – Ghana, has a membership of 147 Rural and Community Banks with more than 850 branches.
Vision
To ensure that Rural Banks operates as effective and efficient Rural Financial intermediaries and to also serve as vehicles for Rural development and Poverty alleviation.
Mission
Core Values
Adherence to integrity, honesty, and transparency in business dealings with other communities in which our member banks operate.
In 1981 thirty-one (31) Rural Banks came together to form the Rural Bankers Association (the name was later changed to the Association of Rural Banks-Ghana).
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