American Journal of Industrial and Business Management, 2020, 10, 1681-1706
https://www.scirp.org/journal/ajibm
ISSN Online: 2164-5175
ISSN Print: 2164-5167
DOI: 10.4236/ajibm.2020.1010106 Oct. 29, 2020 1681 American Journal of Industrial and Business Management
The Impact of Information and Communication
Technology (ICT) on Rural Banks Management.
A Case Study of Atiwa-Rural Bank Limited
in Ghana
John Wiredu
1*
, Usman Inuwa Labaran
2
, Emmanuel Nketiah
3
, Benjamin Kwapong Osibo
4
1
School of Business, Nanjing University of Information Science & Technology, Nanjing, China
2
School of Architecture and Construction, Nanjing Tech University, Nanjing, China
3
School of Economics and Management, Nanjing University of Science and Technology, Nanjing, China
4
School of Computer Science, Nanjing University of Information Science & Technology, Nanjing, China
Abstract
The objective of this study is to assess the strategic Impact of Information,
Communication and Technology (ICT) in the rural banking sector and the
benefits of introducing ICT in Ghana. SPSS and Microsoft Excel were used to
analyze the responses. The study reveals that the Atiwa Rural Bank lacks the
desired technologies to support its operations but also had the advantages of
limitation of customers’ waiting time, fast business with customers, cut down
on its operating costs, provision of convenient banking services to its cus-
tomers and attraction of a large customer base thereby increasing its revenue
volume and also experiencing a sharp increase in its profit level since the
deployment of Information, Communication, and Technology into its sys-
tems. Again, Lack of funds, as well as restrictive ICT policies by supervisory
bodies like the Bank of Ghana and the ARB Apex Bank, were found to be in-
fluencing against the utilization of Information, Communication, and Tech-
nology. The study recommended that the management of Atiwa rural banks
should attempt to bring on board more innovative technologies to help the
bank survive the current wave of competition in the banking industry so as to
contribute its roles to the economic development of the nation.
Keywords
ICT, Management, Customers, Workers, Rural Banks, Ghana
How to cite this paper: Wiredu, J., Laba-
ran, U. I., Nketiah, E., & Osibo, B. K.
(2020). The Impact of Information and
Communication Technology (ICT) on
Rural Banks Management. A Case Study of
Atiwa-Rural Bank Limited in Ghana.
American Journal of Industrial and Busi-
ness Management, 10, 1681-1706.
https://doi.org/10.4236/ajibm.2020.1010106
Received: June 22, 2020
Accepted: October 26, 2020
Published: October 29, 2020
Copyright © 2020 by author(s) and
Scientific Research Publishing Inc.
This work is licensed under the Creative
Commons Attribution International
License (CC BY 4.0).
http://creativecommons.org/licenses/by/4.0/
Open Access