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15.10.2008 Business & Finance

Afigya-Kwabre district to establish rural bank

By gna

The newly created Afigya-Kwabre district in Ashanti is to establish a rural bank in the district to accelerate the socio-economic development of the people in the area.

Mr Kwasi Karikari Achamfour, District Chief Executive (DCE) who gave the hint, said a planning committee was working on the modalities for the smooth take off of the project.

Addressing a second ordinary meeting of the Assembly at Kodie on Tuesday, the DCE urged members of the committee to speed up their work and report to the administration for further action on the project.

He announced that the Assembly was able to mobilize 79,990 new Ghana Cedis at the end of September out of its budgeted figure of 181,858 new cedis of its internally generated fund this year.

Mr Achamfour said it was unfortunate that the district had not received its share of the second quarter of the District Assemblies Common Fund (DACF) and stressed that efforts were being made for the release of the money for its projects and programmes.

The DCE said the Assembly was on course with its development efforts and that it had almost completed the process towards the acquisition of land for departments at Kodie, the district's headquarters.

Mr Achamfour indicated that so far an appreciable work has been done by the Assembly in the area for physical development, which included the rehabilitation of Kodie Police Station at a cost of 4,538 Ghana cedis.

Touching on educational programmes for the district, the DCE said the Assembly has acquired 200 low tension poles to extend electricity to all junior high schools in the district who did not have power, to promote the study of Information Communications Technology ICT) programmes.

On the Schools Feeding Programme, Mr Achamfour said six feeding centres existed at Ankaase, two at Kyekyewere, Akom, Amoako and Nkwantakese stressing that the Assembly has submitted a list of schools to be considered under the programme.