A vibrant banking system and services serve as a sound and enabling environment for fruitful investment and wide range of business transaction in an economy in terms of savings and credit mobilization. There are presently six (6) banks that operate in the district; namely, SSB Bank Ltd, Ghana Commercial Bank Ltd, Upper Amenfi Rural Bank. Amenfiman Rural Bank, Twifu Rural Bank and
Denkyira Rural Bank. With the exception of Denkyiraman Rural Bank, which is located at Ayanfuri, and the Upper Amenfi with an agency at Diaso, all the rest are concentrated at Dunkwa-On-Offin, the district capital.The banking sector is faced with numerous challenges and setbacks that have seriously affected the level of savings and credit mobilization for investment in the district.
The concentration of almost all the banks in the district capital has in a way put off greater majority (30%) of the people especially those in the hinterland from accessing banking services. This has contributed to the low level of banking and seemingly lack of knowledge of banking culture and practice among the majority of the populace. The propensity to hold cash instead of savings with bank is very high among the greater proportion of the population.
The crucial role that the insurance industry plays in protecting life and property and in facilitating sound business environment cannot be underestimated. Nonetheless, the industry is least development in the district.
Besides the Social Security and National Insurance Trust (SSN1T) that provides pension scheme based on social insurance principles, there are other insurance companies that have their agents operating in the district on very low profile. Interest in Insurance is increasing in the district. This is evidenced by the fact that 4 8% of savings in the district is spent on Insurance.
The insurance industry is also faced with the problem of inadequate jobs, non-vibrant industrial sector and commercial trading in the district. More so, there is a high incidence of people’s ignorance of the operations and greater misconception about insurance in general.