By Seth KRAMPAH, Kumasi
The Association of Rural Banks, Ghana (ARB) has held a crucial stakeholder engagement with the Bank of Ghana (BoG) to deliberate on the upcoming Microfinance Sector Reforms.
The meeting, which brought together CEOs and Board Chairmen of Rural and Community Banks (RCBs), regulators, and policymakers, was aimed at clarifying the transitional journey, compliance timelines, and regulatory expectations that will shape the future of the rural banking sector.
In his opening remarks, the President of the Association of Rural Banks, Eric Appiah, underscored the importance of dialogue between the regulator and the industry players. He explained that the engagement was not only to understand the directive but also to ensure that RCBs are adequately prepared to meet the requirements of the reforms. “This is a defining moment for our sector. We must embrace the reforms with clarity and readiness, while ensuring that the peculiar challenges of rural and community banks are
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