Asokore Mampong Rural Bank
Lady Julia Osei Tutu, the wife of Asantehene Otumfuo Osei Tutu II has unveiled a plaque to officially inaugurate the branch and corporate head office of Asokore Mampong Rural Bank Limited, a newly-established rural bank, to officially commence business in the Asokore Mampong Municipality of Ashanti Region.
On record, Asokore Mampong is the 144th rural bank established in Ghana and 24th in the Ashanti Region. The bank was incorporated and commenced business in February 2018, licensed by the Bank of Ghana in June 2018, and banking operations started on 3rd July 2018.
Addressing participants at the inaugural ceremony, the Chairman of the Board of Directors who is also Chief of Asokore Mampong, Nana Boakye Ansah Debrah, said the idea to establish a bank in the municipality was conceived about 5 years ago with the basic objective to improve upon the business culture in the municipality.
He said, he consulted Otumfuo for his royal advice and blessing, after which blue-printing for the establishment commenced.
Nana Boakye Ansah Debrah said, “Judging by the fast growth rate of Asokore Mampong and its latent economic benefit, there was a need to have a local bank that can support the small businesses that are springing up.
He laid stress that Otumfuo has entrusted a town into his care as a chief, and this comes with a responsibility to ensure that the community develops economically – and this is what is needed of all chiefs under the golden stool.
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