Nkoranman Community Bank PLC has mobilised GH¢4.5 million as it seeks to meet the Bank of Ghana’s minimum stated capital requirement of GH¢5 million by the end of 2026, while targeting more than GH¢10 million by December 2027 to support its ambition of becoming an urban community bank.
The bank, based in Seikwa in the Tain District of the Bono Region, is stepping up its capitalisation drive as it seeks to meet regulatory requirements and expand lending to businesses, traders and agricultural value-chain operators.
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The Chief Executive Officer, Ali Maamah, said the bank was working to meet the GH¢5 million threshold before the December 2026 deadline. As of October, it had mobilised GH¢4.5 million towards the target.
We will not limit ourselves to the GH¢5 million. The bank will strive to raise more than GH¢10 million in capital by December 2027 to attain the status of an urban community bank,” Maamah said.
The capital drive comes as the bank reports stronger financial performance, with profit before tax rising 37.3 per cent to GH¢2.07 million in 2025 from GH¢1.50 million a year earlier.
Total assets increased 45.5 per cent to GH¢53.36 million from GH¢36.68 million, while customer deposits rose 47.1 per cent to GH¢44.44 million from GH¢30.21 million. The increase in deposits strengthens the bank’s funding base as it seeks to expand its lending operations.
Gross advances grew 30.9 per cent to GH¢16.36 million from GH¢12.50 million, while investments increased to GH¢26.31 million from GH¢16.77 million, a rise of about 56.8 per cent.
Net income climbed 37 per cent to GH¢11.68 million in 2025 from GH¢8.52 million in 2024, supporting the bank’s improved profitability.
The Board Chairman, Kingsford Nyarko-Fordjour, announced the results at the bank’s 29th Annual General Meeting in Seikwa, attributing the performance to continued confidence among customers and shareholders despite competition in the financial services sector.
This performance demonstrates the continued confidence and trust that our customers and shareholders have placed in the Bank,” he said.
The bank’s paid-up capital, however, rose by only 2.9 per cent to GH¢1.29 million in 2025 from GH¢1.25 million in 2024. The bank therefore continues to rely on its capital mobilisation efforts to strengthen its position against the regulatory threshold.
The board has urged existing shareholders and prospective investors to contribute to the capitalisation programme. It also proposed a GH¢200,000 dividend for the 2025 financial year, to be paid as bonus shares subject to approval by the Bank of Ghana.
Lending strategy
Beyond capitalisation, the bank plans to use electronic banking and expanded credit facilities to grow its customer base and support economic activity in its operating area.
Maamah said the bank would strengthen agency banking, SMS alerts and APAX link services to make banking more accessible to customers.
Given the area’s agricultural base, the bank also intends to increase lending to businesses across the cashew, maize and tomato value chains. It plans to expand microfinance services to reach more traders and support deposit growth.
The bank spent GH¢30,765 on corporate social responsibility initiatives in 2025, supporting activities in education, health, traditional councils and other community interventions.
