A former deputy governor of the Bank of Ghana, Emmanuel Asiedu-Mante, has passed on.
He died on Monday night after battling with ill health.
Mr. Asiedu-Mante was 81 years.
Born in June 1942, the late Asiedu-Mante worked with the central bank for 38 years prior to his retirement in 2006 as deputy governor.
Also a former chairman of the Board of Stanbic Bank Ghana Limited, he was instrumental in the introduction of the rural banking concept in the country.
He chaired the central bank’s Transitions Apex Steering Committee which was put together to formulate modalities for a regulatory regime for rural and community banks (RCBs).
The committee’s work led to the setting up of today’s ARB Apex Bank, a mini central bank for the RCBs, and the operationalization of RCBs nationwide.
Asiedu-Mante published a book on rural banking titled ‘Rural Banking in Ghana’ in 2011.
In December last year, the Association of Rural Banks honoured him for his stellar contributions to the industry’s success at the fourth Rural Banking Excellence Awards in Koforidua.
He was also often referred to as the rural banking encyclopedia due to his vast knowledge and experience in the sector.
His son, Daniel Asiedu-Mante, who confirmed the sad news said the family was due to meet this weekend to decide on the burial arrangements.