This showed a growth of 38.36 per cent as against a decline in growth of 19.27 per cent recorded in 2021.
This was attributed to the increase in income realised from earning assets in Government of Ghana Treasury Bills and loans and advances during the year under review.
The Board Chairman of the bank, Andrews Ameyaw, who announced this at the bank’s annual general meeting (AGM), said total assets increased by 29.62 per cent to GH¢64.96 million in 2022 generally due to the growth in deposits and shareholders’ funds by 29.86 per cent and 20.01 per cent to the levels of GH¢53.66 million and GH¢8.80 million respectively.
Within the same period in review, savings deposits continued to be the major source of fund mobilisation, with a share of 43 per cent while ‘Susu’ followed with 36 per cent.
Mr Ameyaw also noted th...
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