The establishment of Agona Rural Bank Ltd was a response by the Government of Ghana to a request by the people of AGONA in the central region and its environs to create economic growth through efficient financial intermediation. Agona Rural Bank Ltd was incorporated under the Companies code Act 179 and commenced business of Banking under license and supervision of Bank of Ghana on October 7, 1983.

Agona Rural Bank Ltd has since that time achieved steady growth in all areas of its activities.