- Our History
A Story To Our Journey
The establishment of Anum Community Bank PLC was inspired by the economic challenges that followed the demonetization of the ₵50 note by the Government of Ghana in the early 1980s. The withdrawal of the currency from circulation resulted in significant financial losses for many individuals across the country, including the people of Anum and its surrounding communities. This experience highlighted the need for a locally accessible financial institution to support savings, provide credit, and promote economic development within the community.
Driven by this vision, a group of committed citizens of Anum—Messrs. Thomas Gyau Ofosu, Mark F. Owiredu, S. H. Lah, E. K. Adams, and Professor N. O. Anim—spearheaded the initiative to establish a rural bank. They presented the proposal to the various branches of the Anum Improvement Association, both within and outside Anum, where it received overwhelming support.
- Our History
From proposal to opening day.
A brief chronology of the institution’s first months endorsement, incorporation, fundraising, and the day the doors opened.
- EARLY 1980S
A currency withdrawn
The Government of Ghana demonetized the ₵50 note. The withdrawal caused significant financial losses across the country — and in Anum, the need for a locally accessible financial institution became unmistakable.
- 1980
A proposal takes shape
A group of committed citizens of Anum presented the proposal to the branches of the Anum Improvement Association, within and outside Anum, where it received overwhelming support.
- 1980
Endorsement and application
With the endorsement of the Anum Traditional Council, a formal application was submitted to the Bank of Ghana. Following a thorough assessment by its inspectors, the proposal was approved as viable.
- 1 December 1980
Incorporated
Anum Rural Bank Limited was incorporated as a limited liability company, later to be known as Anum Community Bank PLC.
- 1980–1981
A home for the bank
After evaluating several properties, the building of the late Opanyin Kwame Kafena was selected. The premises underwent extensive demolition, reconstruction, and renovation to meet the required operational standards.
- 1980–1981
Raising the capital
The community raised 50% of the minimum initial capital of ₵250,000. The Bank of Ghana provided the remaining ₵125,000 as preference share capital, enabling the bank to commence operations.
- 1 April 1981
Certificate to commence business
The Bank received its Certificate to Commence Business, licensed by the Bank of Ghana to provide financial services to individuals, businesses, and institutions.
- 10 April 1981
Officially inaugurated
Hon. Felix Amoah, the then Eastern Regional Minister, performed the opening ceremony — marking the beginning of an institution dedicated to financial inclusion and the socio-economic development of Anum and its neighbouring communities.