ARB Apex Bank


ARB Apex Bank is a mini central bank for the Rural & Community Banks.
The basic facts:
It started its banking business on 2 July 2002. In 2018, it claimed to be the first bank in Ghana to issue bank cards to EMV standards which allow payments on the Gh-link platform.
Rural banks are financed mainly via the Rural Financial Services Project, that is a project of the Government of Ghana to solve the operational problems of the rural financial sector. Every Rural and Community bank in Ghana was mandated to contribute two thousand Ghana cedis to buy shares of the ARB – Apex bank Ltd, to enable the bank become accountable to the rural and community banks. So every rural and community bank in Ghana own two thousand Ghana cedis worth of shares in Apex Bank. The remaining shares of the bank are also owned by the government of Ghana. The acronym ARB stands for the Association of Rural Banks.