Board Members

Key Responsibilities:

Board members will work collectively to:

• Provide strategic direction, monitor performance, and ensure long-term sustainability of the bank.
• Ensure the bank complies with all statutory and regulatory requirements including Bank of Ghana and ARB Apex Bank regulations.
• Establish appropriate policies and ensure sound corporate governance.
• Oversee and evaluate management performance in line with the bank’s vision and strategic goals.
• Approve budgets, risk management frameworks, credit policies, and investment decisions.
• Promote accountability, transparency, and ethical standards.
  

Requirements/Eligibility Criteria:

Applicants must meet the following:

• Be a Ghanaian citizen in good standing.
• Possess a minimum of a first degree in any of the following: Banking, Accounting, Finance, Economics, Law, ICT, Agriculture, Business Administration, or a related field.
• Hold a minimum of 10 years’ post-qualification experience, preferably at a senior level in banking, finance, law, auditing, ICT, academia, entrepreneurship, governance, or public service.
• Demonstrate high integrity, maturity, independence of thought, and good judgment.
• Have no record of bankruptcy, criminal conviction, or adverse findings from a regulatory authority.
• Be able to pass the Bank of Ghana’s approval test in accordance with Section 60 of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930).

Desirable Skills and Attributes:

• We are particularly interested in professionals with:
• Prior experience serving on a corporate board or board committee.
• Expertise in areas such as credit risk, internal audit, corporate law, rural banking operations, or digital banking.
• Familiarity with the socio-economic dynamics of rural communities.
• A willingness to actively participate in Board and committee meetings and devote sufficient time to the bank’s affairs.
• Strong interpersonal and communication skills, and the ability to work collaboratively.

Tenure and Commitment:

• Board Members shall serve for a term of three (3) years, renewable twice subject to performance and regulatory approval.
• The position is non-executive, and Board Members are expected to commit time for quarterly meetings, emergency meetings, strategy retreats, and relevant training.
• Directors shall be remunerated in accordance with the approved allowances and fees of the bank, subject to regulatory limits.

Application Process:
Interested candidates should submit the following:

•  A signed cover letter indicating interest and suitability for the role.
• An updated Curriculum Vitae (CV) detailing academic qualifications, professional background, work history, and board experience.
• Copies of academic and professional certificates.
• Two professional referees (name, title, phone number, email.
• A copy of a valid national ID (e.g., Ghana Card).
• Any other relevant supporting documents.

Application Deadline: 7th June 2025
All applications should be sent through boardmicrofinruralbank@gmail.com and addressed to:

The Chief Executive Officer
Microfin Rural Bank PLC
P.O. Box KU 78
Winneba

Note:

• Only shortlisted candidates will be contacted for further discussions and interviews.
• Final selection is subject to the Bank of Ghana’s approval.