Until September 1, 2015, when the Ghana Revenue Authority (GRA) announced the new Income Tax Act 2015, (Act 896), the Rural and Community Banks (RCBs) were paying eight percent tax on their annual income, which was increased to 25 percent.
THE ARB Apex Bank Limited has urged rural and community banks (RCBs) to ensure that they strengthen their internal control and governance system, for efficient operations
The bank is authorized to engage in deposits mobilization, granting of loans, money transfer services etc. It is also accredited to provide banking services on Saturdays and Sundays.
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