Mumuadu Rural Bank Ltd. - Ghana

This bank has a corrupt system, my father bought shares in this company in 2007 at nkawkaw branch and was awarded a certificate for it. in 2011 my father died hence I decided to claim his shares in May 2020. I did follow up on it only to be told that only GH 285 has been accumulated over 13 years and I would only take home Gh 85 after tax deductions as well.

We could have invested the money wisely into a business and gained profit on it over 13 years than waste it through investment in Mumuado Rural Bank. I would not advice anybody to buy shares from this bank, it’s not worth it.