Immediate digitalisation is inevitable to making rural and community banks (RCBs) more robust for survival within the changing dynamics and trends in the banking industry.
Mr Kojo Mattah, the Managing Director of the Association of Rural Banks (ARB) Apex Bank, said the RCBs would collapse if boards and management did not take steps to move to digitalised operations and banking services.
Mr Mattah said this at the opening of the 18th National Managers' Conference of the RCBs and the ARB Apex Bank in Sunyani, on the theme: "Sustaining Rural and Community Banking through Digitalisation".
The three-day conference was attended by 250 participants, including the chief executive officers (CEOs) and managers of all the 144 RCBs in the country.