SAVE KWAMANMAN RURAL BANK-PARAMOUNT CHIEF

-


The Paramount Chief of Kwaman in the Sekyere Central district of Ashanti, Nana Abayie Ntori Nimpa, has made an urgent call on financial investors, especially citizens of Kwaman, to patronize shares being offered for sale by the Kwamanman Rural Bank so as to sustain the bank in business. 

Making the appeal at a community durbar at Kwaman, Nana Abayie Ntori Nimpa noted that the bank, owned by the Community, could lose ownership of the bank if it is not able to raise its minimum stated share capital to the new requirement of the Bank of Ghana. 

According to him, the Central Bank has served notice to cause a merger of any Rural or Community bank that is unable to raise its existing share capital to more than one million Ghana Cedis by the end of this year with financially well established ones as part of the Bank of Ghana’s stringent measures to protect the interest of shareholders. 

Nana Abayie Ntori Nimpa disclosed that Kwamanman Rural Bank, with its headquarters at Kwaman, currently has a stated share capital of a little over 500 thousand Ghana Cedis which is only half the amount being requested saying that the community is not ready to cede its interest in the bank to any of its competitors. 

He therefore urged particularly the citizens living abroad to increase their shareholdings in the bank to keep it in operation.

Comments

Post a Comment

Popular posts from this blog

JUTE FACTORY IS BACK

-
Image
the administrative block under rehabilitation At long last, the much talked about defunct GIHOC Fibre manufacturing Company popularly known as the Jute Factory, is to be back in operations very soon.  Ashanti Today can confirm that work is feverishly ongoing towards the revival of the once golden sacks manufacturing company with the first production expected in the first quarter of next year.  It is a public-private partnership with a wholly Ghanaian company, Jute Mills Ghana Limited being the operator and has already sunk about five million Ghana Cedis to revamp the company.  The Jute Factory is located within the industrial area of Kaase.  It has been on divestiture for about 20 years now with successive governments paying lip-service to revamp it.   The old machinery at main factory to be replaced soon  It is one project that is dear to the Asantehene Otumfuo Osei Tutu, who has used almost every opportunity with bus...
Read more

THE STATE OF KUMASI'S 'INDUSTRIAL AREA

-
The once Industrial enclave of the Ashanti region within the Kumasi metropolis is fast losing its status as the nerve centre of jobs for the people.     This is due to the collapse of most of the companies in quick succession in  the last few years for various reasons. Background Industrialization was a key component of the first wholly indigenous government of Ghana led by Osagyefo Dr. Kwame Nkrumah. The Ashanti region was not left out in this drive which was meant to create decent jobs for the residents, particularly the youth.  Asokwa, Ahinsan, Kaase, Atonsu and Kyirapatre were the communities that became what is known as the ‘Industrial Area’ of Ashanti from the early 60s.  The christening of this enclave as the ‘Industrial Area’ was the people’s appreciation of the numerous state and privately owned companies that were sited there.  These communities fall within present day Asokwa Constituency whic...
Read more

KWAMANG SHS NEEDS URGENT HELP

-
Image
New Campus of the Kwamang Presby SHS The Kwamang Presby Senior High/Technical School in the Sekyere Central district of Ashanti needs an urgent external intervention to address some of its pressing basic needs to function very well.  A visit by Ashanti Today to the school’s premises revealed that the school does not have an administrative block to administer affairs of the school for which reason the Headmistress, the Bursar and another staff are sharing one room which has been partitioned, while the Assistant Headmaster, the rest of the Accounts staff among other administrative officers are also working from an improvised classroom. Anybody who visits the Kwamang Presby Senior High Technical school for the first time will unavoidably take it for a basic school.  This is more so when it appears to be perching on the premises of the local Junior High School as its old site.  The school is wallowing in a myriad of challenges that are seriously milit...
Read more