The Acting manager of the Kumawuman rural bank, Mr Opoku Kusi hit the nail right on the head,indicating that before the invasion of the corona virus, activities of the bank were so perfect, but for the outbreak of novel covid virus, activities of the bank halted.
According to Mr Kusi, the bank’s performance at the beginning of the year was excellent but things begun to fall steadily with the outbreak of the covid-19.
”Our first quarter earnings were showing good results but when information about the novel covid-19 started spreading in March, things started slowing down”
”Most of our customers who are importers started withdrawing their money from banks and suspended their business travels to China whiles deposits were also halted and this had a negative impact on the bank’s operations,compelling us to close about 5 out of 8 branches in the Kumasi” he spoke to SilverNEWS’ Nana Peprah on OmanbapaSHOW.
He said, the bank inquired some loses with the panic withdrawals and with the purchase of PPEs – sanitizers, liquid soap, tissues, thermometer gun among others to the various branches in the region.
Mr Kusi further explained that the situation forced a reduction in their staff strength.
He indicated a climax in the bank’s crisis due to its resilient systems and things have now returned to normalcy and improved after lifting the ban on the lock down.