Independent Auditor's Report

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To the Shareholders of Manya Krobo Rural Bank Limited

Opinion

The condensed financial statements which comprise the statement of financial position as at 31 December 2017, the statement of comprehensive income, the statement of changes in equity and the statement of cash flows for the year then ended, are derived from the audited financial statements of Manya Krobo Rural Bank Limited for the year ended 31 December 2017.

In our opinion, the accompanying condensed financial statements are consistent, in all material respects, the audited financial statements, in accordance with International Financial Reporting Standards (IFRS) and in a manner required by the Companies Act, 1963 (Act 179) and the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).accordance with International Financial Reporting Standards and the requirements of the Companies Act, 1963 (Act 179) and the Banks and Specialised Deposit–Taking Institutions Act, 2016 (Act 930).

Condensed Financial Statements

The condensed financial statements do not contain all the disclosures required by International Financial Reporting Standards (IFRS) and in a manner required by the Companies Act, 1963 (Act 179) and the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) applied in the preparation of the audited financial statements of Manya Krobo Rural Bank Limited. Reading the condensed financial statements and our audit opinion thereon, therefore, is not a substitute for reading the audited financial statements and our report thereon.1.1

The Audited Financial Statements and Our Report Thereon

We expressed an unmodified audit opinion on the audited financial statements in our report dated 28 March 2018. That report also includes the communication of key audit matters. Key audit matters are those that in our professional judgement, were of most significance in our audit of the financial statements for the current period.

Directors' Responsibility for the Condensed Financial Statements

The directors are responsible for the preparation of the condensed financial statements in accordance with International Financial Reporting Standards (IFRS) and in a manner required by the Companies Act, 1963 (Act 179) and the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

Auditor's responsibility

Our responsibility is to express an opinion on whether the condensed financial statements are consistent, in all material respects, with the audited financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing (ISA).

The engagement partner on the audit resulting in this independent auditor’s report is Ben Korley(ICAG/P/1051)