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July 11, 2026
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Traders advised to bank their money for safety as Asokore Mampong Community Bank opens at Adum
Money
Policy
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Key Points
- A traditional leader, Nana Opoku Dwobeng II, urged Ghanaians, particularly business owners, to deposit their earnings in banks rather than keeping them at home for safety, citing recent flood losses.
- He stressed that formal banking promotes accountability and provides businesses access to loans and financial services for expansion.
- This call was made during the commissioning of the Adum branch of Asokore Mampong Community Bank PLC in Kumasi.
- Nana Dwobeng II also urged the government and financial institutions to continue public education on financial inclusion, especially in market centers and rural communities.
- Meanwhile, Francis Nantwi, CEO of Asokore Mampong Community Bank, cautioned customers to be vigilant against digital fraud and never share their PINs or OTPs.
Why This Matters
This article underscores critical efforts in Ghana to enhance financial inclusion and security, which are vital for economic stability and development. Promoting formal banking protects citizens' assets, particularly for vulnerable small businesses, and provides access to capital for expansion. It also addresses the growing concern of digital financial fraud, which is crucial for maintaining trust and confidence in Ghana's expanding digital economy.
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