When the Kuntanase Traditional Authority embraced the idea to set up a Rural Bank, a publication was
made to the inhabitants in the Kuntanase and is surrounding towns and villages. As a result, series of
town meetings were held to solicit support in raising the minimum capital of Six Hundred and Fifty
Thousand as required by the Central Bank at the time. These preparatory work started in the year
1981.
To avoid individual dominance in the ownership of Rural Banks, it was part of the Central Bank policy
that an individual could not own shares in a particular Rural bank worth more than One Hundred Cedis
equivalent of One Pesewas today. This policy posses difficulty to the promoters in raising the minimum
capital since more subscribers to the shares were required. In their undying quest to raise the capital,
Kuntanase community led by their chief Nana Adu Gyamfi Poku II devised a strategy in the form of
outreach to fetch for more subscribers. A social group in Kuntanase called Kuntanase development
association (KUNDA) commenced the outreach work in Accra and their efforts targeted natives of
Kuntanase living in Accra. It is on the records that the underlisted individuals were appointed to sell out
shares to subscribers at various towns/villages