functions

Functions

The ARB Apex Bank is a “mini“ central bank for the Rural/Community Banks under the supervision of the Bank of Ghana. Being a dedicated controlling bank, the Apex Bank ensures effective supervision of rural/community banks.

a)Provision of cheque clearing services. This addresses the constraints of delays in cheque clearing through the big commercial banks.

b)Handling cash movement and funds management services. This ensures effective and efficient management of the cash of rural/community banks.

c)Development of new innovative banking products. This is to enable more rural dwellers to have access to banking products purposely designed to meet their needs.

d)Provision of inspection services. The provision of both on-site and off-site inspection services address the problems of inadequate bookkeeping, non-observance of internal control measures and lack of regular inspection of the rural/community banks.

e)Provision of Information Technology support to computerize rural/community banks operations and ensure efficient handling of data/information which will result in quality customer service.

f)Sourcing of funds for on-lending to the rural/community banks.

h)Training of staff and directors of rural/community banks. This ensures that the staff and the management of rural/community banks possess the requisite skills to operate professionally.

Vision

The vision of the bank is to promote accelerated development of the rural-economy by the provision of cost-effective information and communication technology based banking through the rural/community banks and micro finance institutions (MFIs) by the year 2015

Mission

The mission of the ARB Apex Bank is to provide banking as well as non-banking support services to the rural/community banks with the aim of improving their operational efficiency, and thereby, transforming them into efficient and credible financial institutions, which can effectively address the banking needs of the communities in which they operate.