Mr Eric Osei-Bonsu, the Managing Director of ARB Apex Link Limited, has said the bank would soon migrate its star product, Apex Link Money Transfer Product, onto an ICT platformr to make it efficient, fast, safe and secure.
Mr Osei-Bonsu, who said this in an address read for him at the 25th Annual General Meeting of Ada Rural Bank at Ada Foah, said it was important for Rural and Community Banks to merge in the face of the changing, challenging, competitive and turbulent landscape of the banking industry.
He said one of the critical issues facing the rural banking industry was the issue of good governance and appealed to Boards of Rural Banks to be well-informed and ethical in the discharge of their duites.
Mr Osei-Bonsu urged Rural Banks to consider selecting onto their various boards directors with requisite education and experience who would
contribute to the effective management of the banks.
Mr Osei-Bonsu expressed regret at the general performance of the Ada Rural Bank last year and advised the board, management and staff to sit up, hoping that with the proper strategies put in place, the bank would be on the road to total recovery.
"Adopt a more innovative approach towards funds mobilization, while exercising prudence in your credit delivery, and deliver prompt and
efficient services to both existing and potential customers," he said.
Nene Gaduga Osrama IV, immediate past chairman of the Board of Directors of the Bank, thanked management for the co-operation during his tenure.