THE Manhyia Palace has recognised the Bosomtwe Rural Bank for its contribution towards poverty reduction, income generation and job creation in the Ashanti Region in particular, and the country in general.
The recognition was given during the Seventh Ashanti Regional Financial Services Excellence Awards in Kumasi organised by the Top Brass under the auspices of Manhyia Palace. About 60 business organisations that had made meaningful contributions towards the sustainable development of the region were duly recognised and honoured.
During the awards ceremony the Bosomtwe Rural Bank was presented with a Gold Award for its prudent business operations and excellent customer service.
The Gold Award presented to the Bosomtwe Rural Bank, which has its headquarters at Kuntanase came a few weeks after the bank had placed 59th in the 2009 Ghana Club 100 awards held in Accra. In 2008, the bank placed 80th during the Ghana Club 100 awards.
The Ghana Club 100 awards recognises financial institutions that have not only made meaningful contributions to promoting poverty reduction but also ensured best business practices in their operations and were considered as internationally acceptable models.
In his address at the Ashanti Regional Financial Services Excellence Awards, the Deputy Minister of Trade, Mr Mahama Ayariga, commended the award winners for their invaluable contributions towards sustainable development in the country.
He said the government recognised such contributions and would, therefore, not relent in its efforts to support the private sector in various ways for it to continue supporting the country’s accelerated socio-economic development.
He also assured the private sector of the government’s support to enable local industries compete favourably with their counterparts at the international level.
He said it was important for the private sector to be innovative and add value to their products, not only to make their products more attractive to consumers, but also to make their prices more competitive and affordable.
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