Awutu Bawjiase (Central Region) 5th July '99

The Banking Supervision Department of the Bank of Ghana (BOG), has set up a pool of managers in support of its measures aimed at making rural banks efficient and useful to the rural people.

The measure will enable rural bank managers to take their annual leave to save themselves from the temptation of indulging in fraudulent deals.

Mr E.D. Asiedu Mante, head of the department said this in a speech read for him at the ninth annual shareholders meeting of the Awutu-Bawjiase area rural bank at Bawjiase last Friday.

He attributed several cases of fraud associated with the operations of most rural banks to managers who have remained at post for many years without proceeding on leave.

"It is believed that if managers of rural banks are made to regularly take their annual leave, the perpetration of fraud will be minimised if not eliminated", Mr Asiedu Mante said.

He expressed satisfaction with the co-operation and support that his department had so far received from the association of rural banks, and boards of directors of rural banks.

Mr E.A. Obeng, assistant national secretary of the association of rural banks and Nana Obaatan Otoo, president of the Central region branch of the association, expressed their appreciation for the support the Bank of Ghana offers to the association.