About Us
The establishment of Nafana Rural Bank Plc was a gracious response by the Government of Ghana. Nafana Rural Bank was incorporated in Ghana in October, 1997 and it was authorized to carry on the business of banking under the banking Act, 1970 (Act 339) on 9th December, 2000.
The personalities who conceived the idea of establishing the bank, (promoters) whose toil and sweat made the idea become fruitful were the late Nana Kofi Sono II, Nana Ameyaw, Hon Siaka Stevens, the former Member of Parliament for Jaman North, Nana Loppo Kwayie, Messrs Peter Sawiri, Peh K. Augustine, Emmanuel Sammor-Duah, Okrah Kennedy, Felix Manu, Kwasi Kongoli, David Kofi Abuu, Nicholas Anane (alias Nic), Peh Munufie, Simon Sie, and Sah Kum.
The consummation of the idea was a tussle since Suma Rural Bank Plc had already established itself at the headquarters of the bank. All the initial difficulties were surmounted due to the perseverance of the promoters.
The initial share capital of GHC 10,000.00 then C100, 000,000.00 was difficult to come by, but the perseverance of the promoters once again prevailed.
The promoters struggled to mobilize GHC 8,000.00 towards it; one Mr. Musah Mohammed alias “Hellomen” marshaled resources to pay the difference of GHC 2,000.00 then C 20,000,000.00 which was a relief to the promoters. This amount was later refunded to him by the chiefs.
After the establishment of the bank, some of the promoters were maintained as directors, and some were also appointed from outside the promoters. The directors who began the bank include among others, Messrs Haruna Maamah, Pascal Essieh, Siaka Stevens and Nana Loppo Kwayie.
The inhabitants of Sampa were so much enthused about the bank and as such on the first day of business, they thronged the premises of the bank in their numbers to open accounts with the bank.
The Bank has had its board chaired as follows;
Nana Loppoh Kwayie was the first Board Chairman of the Bank and resigned in 2004 due to health grounds. He was succeded as follows;
Mr. Haruna Maamah from 2004 to June, 2018
Mr. Essieh Pascal from 2018 to November,2023
Hon. Siaka Stevens from 2023 to Octocber,2024
Mr. Sah Kwasi Abraham from 2024 to December, 2025
Mr. Sieh Kwaku Alexander from 2025 to Date
The Bank has been served by the following directors
Dr. Abdulai Forgor (late) from 2000 - 2003
Yvonneh Ampomah (Mrs) from 2001 – 2008
Mr. Sammor- Duah Emmanuel from 2005 - 2016
Grace Obah (Mrs.) from 2004 - 2018
Alhaji Adams Yahyah from 2004 - 2017
Mr. Okrah Kennedy from 2005 – 2019