Atwima Kwanwoma Rural Bank Ltd.

 +233-03220-36671  +233- 03220-25663 +233-0277-872374
Old Tafo, Mile 4, Kumasi, Ghana

A special welcome to you our cherish customers, both potential ones and business partners for your interest in our bank. Atwima Kwanwoma Rural Bank Limited (AKRB Ltd) for the past 28 years has offered Ghanaian businessmen and women, particularly those stationed in the Ashanti Region with an exquisite banking and advisory services that have translated into growth in the Small and Medium Enterprises (SME) sector of the economy.

As the 68th Rural Bank to be licensed by the Bank of Ghana, AKRB Ltd  has become a household name in the Rural Banking industry and has become a force to reckon with among its competitors. Our company enjoys an exceptional reputation that results from the loyalty and hard working employees.

Our greatest motivation is the smile on the faces of our customers and business relations when services are rendered perfectly and timely. For this reason, we continue to review our product lines and services to meet the changing needs of our customers through modern banking technology.

Kindly give us feedback at the end of your tour as it will go a long way to keep us in competition.
We warmly welcome you to our site.

Thank you.


From a humble beginning the bank had turbulent early years. In 1984 the bank recorded a net loss of ¢355,000. In 1985, a loss of ¢846,668 and a loss of ¢777,277 in 1986.
The bank had to look for alternative means of survival. In 1986 the first agency of the bank was established at Santasi. In 1987 the bank declared a profit of ¢152,963.00. This inspired the Board to open the second agency at Old Tafo in 1988.

The fate of the bank started to deteriorate from 1989. The bank had to change as many as six (6) managers between 1983 and 1992. Staff turnover was very high as the then board dismissed staff at will. Dismissed staff turned against the bank filing several legal cases against the bank and causing damaging publications against the bank, this led to low confidence in the bank by the public.

There was a huge capital deficit of ¢121million and imbalances in the banks books. The confidence in the bank was lost.

After the restructuring exercise, a new management was put in place in 1992 and since then there has been no turning back for the bank.

Atwima Kwanwoma Rural bank ltd. Started as a small entity in the rented premises opposite the present Head-Office at Pakyi No.2

The first directors who happened to be the promoters of the bank were:
1.Nana Okyere Taa Amoantwi II (Deceased)
2.Mr. James Asomaning
3.Mr. Adi Darko
4.Opanin Kwabena Adu (Deceased)
5.Mr. Yaw Bio
6.Mr. K. K. Mensah


Nana Gyamfi Sakyi II, Chief of Pakyi No. 2, Nana Okyere Taa Amoantwi II and the elders of Pakyi No. 2 initiated the formation of the bank. Nana Gyamfi Sakyi II coordinated all activities and was elected as the patron of the bank.

Nana Okyere Taa Amoantwi II was elected as the 1st Board Chairman. He saw to the initial establishment of the board and had to struggle with the initial problems until he died in 1993 after 10 years of service.


The Bank started operation on 6th September, 1983 with an initial capital of GH¢53.83 contributed by the inhabitants around Pakyi area and GH¢12.50 preference shares contributed by the Bank of Ghana.

From a humble beginning, the bank had turbulent early years. The bank had to look for alternative means of survival to continue operations.

Generally, customer base was low resulting in low deposit base and this was due to limited business opportunities at Pakyi. It was in 1986 that the then Board of Directors took a giant step to establish the first agency of the bank at Santasi. In 1987, the bank recorded its first profit of GH¢ 15.296. This inspired the board to open the second agency of the bank at Old-Tafo in 1988. In 1992, the third branch was opened at New-Tafo while the fourth at Ayigya in 2002. Atonsu-Agogo branch was opened in 2007 and since it coincided with the Golden Jubilee celebration of the nation, hence, the Jubilee Branch. The Head Office Complex was completed in 2002 and new departments created.


The fate of the bank started to deteriorate from 1989. The bank experienced high staff turnover. Dismissed staff turned against the bank, this led to low confidence in the bank. There was huge capital deficit of over GH¢ 2.1million. There were several fraud cases and imbalances in the banks' book. The confidence in the bank was lost.


In 1993, Mr. K. K. Mensah took over as the Board Chairman. It was within the same period that the Rural Financial Sector Restructuring Programme (FINSAP) initiated by the Bank of Ghana came to the bank to identify the problems facing the bank among which were;

1. Weak Management
2. Weak Internal Control
3. Embezzlement and Fraud

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