According to history, the Wassa Amenfi Traditional Council in the Western Region only had one rural bank in the 1980s, located at Wassa Akropong. The bank (UARB Plc) emanated from and carved itself out of Wassa Akropong. The separation occurred due to a distance disadvantage for customers, primarily cocoa farmers, who had to walk a considerable distance to cash the Akuafo Cheque, the government’s primary method of payment to farmers. Thousands of our cherished cocoa farmers in and around our catchment areas, especially communities like Wassa Ankaasie, Jedua II, Beposo, Agona Amenfi, Wassa Juabo, Adjakaa Manso Jukwaa-Hemang, and Wassa Ankwawso, were left excluded and stranded on how to get their cocoa sales proceeds through the Akuafo-Cheque System. Farmers needed to travel afar before they could cash their Akuafo-cheques. Additionally, they must carry sacks of money and walk a considerable distance, ultimately storing this money in their homes at the risk of robbery and misappropriation of excess funds. No financial services were available to them. However, with the good intentions of the chiefs and elders in the aforementioned communities and their brisk, innovative financial ideas, they decided to set up a community bank. The promoter’s intentions materialized. The establishment of Upper Amenfi Rural Bank Plc came about through the purchase of shares by the concerned communities. The bank chose Wassa Ankwawso as its headquarters.
The promoters of this bank chose Cocoa Pod as the bank’s logo, signifying that the bank seeded from a typical cocoa-growing area and for the farmers.
LICENSING STATUS
On 18th August, 1987, the Bank of Ghana established and incorporated Upper Amenfi Rural Bank Limited as a limited liability company under the company’s code, Act 179, of 1963, making it one of the best-performing rural banks in the Western, Western North, and Central regions of Ghana. e bank has operated for the past 37 years.
Upper Amenfi Rural Bank Limited has gone through a series of successful transformations. In 2022, the shareholders approved the name change from Upper Amenfi Rural Bank Limited to UPPER AMENFI RURAL BANK PLC in the records of the Office of the Registrar of Companies (ORC) and the Bank of Ghana.
We can today tell the success story of Upper Amenfi R/B PLC, which had a total paid-up capital of GH¢3.8 million and a deposit value of GH¢588 million as of October 2024.
The Bank operates in three (3) naturally endowed regions in Ghana.
2023 CUSTOMER PORTFOLIO
Active customers are subscribing to our numerous tailor-made products and services in our 17 branches located in various parts of Ghana. Our success story has significantly improved the economic and social well-being of millions of Ghanaians.
The bank’s vision and mission were driven by the range of solutions it offers to bridge the gap between the banked, underbanked, and unbanked in the financial service industry. We require partnerships with current and potential shareholders, customers, regulatory authorities, and business associations.
It has simplified access to financial services through SMS, E-Zwich, ATM, Agency banking, ACH, Apexlink (i-Trans transfers), WUMT, USSD, mobile banking, microfinancing, business loans, salary loans, funeral loans, farmer’s loans, overdrafts, security for all customers’ deposits, and highly trusted network systems. The bank has the ability to digitally pay salaries and easy loans to customers’ mobile money wallets.
UARB Plc has contributed to the creation of over two hundred and seventy-five thousand (275,000) direct and indirect jobs across the bank’s catchment areas and Ghana as a whole.
The bank’s vision and mission were driven by the range of solutions it offers to bridge the gap between the banked, underbanked, and unbanked in the financial service industry. We require partnerships with current and potential shareholders, customers, regulatory authorities, and business associations.
Our Vision Statement
To be the leading Rural Bank in the country
Our Mission Statement
To Encourage, Sustain the Habit of Savings and Alleviate Poverty
Our Core Values
| VALUES | RELATED BEHAVIOURS |
| Commitment to Work | Punctuality, Regularity to work, Loyalty, dedication, Reliability. |
| Timeliness | Prompt Customer Service, Reliability, Accuracy, State-of-Art Technology, and Adherence to policies, processes and procedures. |
| Discipline | Respect for authority, Mutual respect, Strict adherence to Dress Code. |
| Integrity | Honesty, Accountability, Good sense of responsibility, Strict compliance to the Operational Manual. |
| Professionalism | Good communication, Etiquette and Good manners, Competence, Self-Development, Secrecy, Positive Thinking and “Can Do” Attitude, Team Work. |
| Competitiveness | Networking, Innovation, Diversification, Staff motivation, Research, Enrollment on to New Government Programme. |
| Community Development | Good corporate social responsibility, Community service. |
Shareholder Interests | Good communication to shareholders, Creating value for shareholders. |