Rural and community banks (RCBs) must adhere strictly to Bank of Ghana's risk and compliance policies to avoid folding up, Kojo Mattah, Managing Director of the ARB Apex Bank Limited has advised.
He, therefore, suggested to the RCBs to recruit risk and compliance officers with clear job descriptions such as assisting the banks to keep track of all compliance requirements and also alerting boards and management to work within the framework prescribed by BoG.
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