Rural banks lose millions of cedis to social media rumours

Rural banks lose millions of cedis to social media rumours: Some rural and community banks (RCBs) lost as much as GH¢1 million per bank within a week to panic withdrawals that were inspired by social media rumours concerning the viability of the community-based lenders, the Managing Director of the ARB Apex Bank, Mr Kojo Matta, has revealed.

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