SISSALA RURAL BANK INVESTMENTS GROWS TO 194.98%

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The 2016 investment of Sissala Rural Bank has grown GHC1 001,000 being 194.98% as against 2015 GHC341, 000. The investments according to reports of chairman of board of directors are into less risky instruments such as Ghana government treasury bills, ACOD, Gold securities and many others as shareholders and customers have been assured of safety of their investments. In the year under review, the bank generated GHC307, 000 through sales of shares, an increase from GHC219,000 at the beginning of the year representing 40.18%. The amount withstands shocks and adverse situations but is however below the current BoG requirement of one million Ghana cedi’s. Meanwhile, the banks first step towards expansion drive have been fulfilled when two Agencies in Gwollu and Funsi are opened with the Gwollu agency fully networked whiles plans are far advanced to network the remaining one Agency in Funsi. This expansion drive of the bank aims at availing their services to many more communities in both Sissala East and West Districts to put the bank in a good position to compete favorably with their competitors in the industry.

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