Mr E.K. Kwapong, Managing Director of the Apex Bank has stated that one of the critical issues facing rural banking system in the country was the issue of good governance. He explained that rural banks needed good boards that were well informed, ethical and initiate developmental programmes and projects. This was contained in an address read on his behalf at the 19th annual general meeting of the Amanano Rural Bank at Nyinahin in the Atwima-Mponua district of Ashanti at the weekend.
He therefore, cautioned that the election of persons to serve on the boards of rural banks should be devoid of favouritism and nepotism. "It is only through experience, skills, knowledge and competence that rural banks can achieve their overall corporate objectives". In addition, Mr Kwapong said, the applicant wishing to serve in all aspects should be a person who had the zeal and commitment to serve in all aspects of the environment and be very supportive of viable plans. Mr Kwapong advised the shareholders of the bank to stop the constant changing of board members and management of the bank since that did not augur well for growth of the bank.
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