Builsa Community Bank Posts Record Profit Amid Economic Challenges
Sandema: Despite facing global and national economic challenges in 2024, the Builsa Community Bank (BUCO Bank) has reported significant growth across its financial indicators, marking a record profit after tax of GHS5.33 million. This represents a 646% increase over the previous year’s profit, the highest since the Bank’s inception in 1996. According to Ghana News Agency, the Bank’s stated capital rose to GHS2.3 million in 2024 from GHS2.1 million in 2023, surpassing the Bank of Ghana’s minimum capital requirement of GHS1 million for rural and community banks. The Board and management attributed the success to the shareholders’ confidence in the
