Rural Banks Urged to Adopt Comprehensive Credit Risk Management System.
Rural banks in Ghana, like Adansi Rural Bank Limited, face risks when giving out loans. To manage these risks, the bank has strict policies like checking borrowers' credit history and using collateral. A study found that banks with strong credit risk management face fewer challenges than those with weak policies. It's important for rural banks to have a solid credit risk management system to avoid problems like loan defaults and bankruptcy, which can harm the country's economy.