Employ qualified
staff - Rural Banks urged
Employ qualified
staff - Rural Banks urged
Bunso (Eastern Region) 29 January
2001
Mr Rexford M. Addo, Deputy
Director of the Association of Rural Banks (ARB), on Saturday called on the
management of Rural Banks to employ only qualified staff.
Speaking at the bi-annual general
meeting of the Eastern Region chapter of the Association of Rural Banks (ARB)
at Bunso, he said they should investigate their background before employing
them to avoid engaging people with dubious character.
Mr Addo called for measures to
check the use of cash by some cocoa purchasing agents, which is undermining the
effective operation of the Akuafo check system.
He said the association has
established a Public Relations outfit to promote the image of rural banks.
In a speech read on his behalf, Mr
E K Kwapong, General Manager of the Apex Bank technical secretariat, said the
legal and regulatory draft for the establishment of the ARB Apex Bank to serve
as a clearing house for rural banks, has been submitted to the Attorney
General's Department.
He said after the final review, it
would be submitted to parliament for consideration.
However, he explained that the
passing of the regulation into law would have to wait for the passing of the
new Banking Law, which would permit the Bank of Ghana to delegate some of its
powers to other banks.
Mr Emanuel Maxwell N Afari-Gyasi,
President of the ARB chapter, called on members to ensure a 24-hour protection
of their premises against armed robbers.
GRi…/
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Accra (Greater Accra) 29 Jan. 2001
Negative pressures on listed equities persisted on Friday but the GSE All-share index, the main market indicator edged up by a thin 0.01 points to close at 857.16 points from 857.16 at mid-week trading.
Only seven of the 22 listed equities on the bourse had their shares traded. Prices were, however, quoted for 14 stocks.
Traded volumes declined at 9,100 shares compared to 12,800 shares registered on
Wednesday.
Offers for the first time in as many trading sessions stumble to close down more than half at 559,600 shares from 1.3 million shares at the previous session.
Bids rallied at 222,400 as against 190,400 shares. Market capitalisation was up marginally at 3,653.51 billion cedis from 3,653.49 billion cedis.
In the broader market there was one price change.
Enterprise Insurance Company (EIC) gained five cedis at 2,885 cedis. The following are the last prices of listed equities in cedis:
ABL 550
AGC 18,600
ALW 4,672
BAT 400
CFAO 53
EIC 2,885 +5
FML 850
GBL 1,350
GCB 1,520
GGL 900
HFC 952
MGL 200
MLC 135
MOGL 18,700
PAF 255
PBC 490
PZ 400
SCB 21,500
SPPC 280
SSB 2,080
UNIL 1,600
CMLT 425
GRi…/
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