ABSTRACT

This paper is an investigation into the impact of rural banking on economic development. The study involves a survey of management and employees of Unity Rural Bank Limited and the inhabitants of “Ziope”; a rural area in the Volta Region of Ghana. Interviews and questionnaires were the main research techniques adopted for the data collected for this study.

Results show that, for the bank to be able to contribute effectively to economic development, further education of the rural folks must be undertaken so as to enlighten the people about the benefits that comes with banking. Until that is done, the banks´ impact on economic development remains relatively low.