BoG approves recapitalisation plans of undercapitalised banks – IMF

January 29, 2024 The Bank of Ghana has approved the recapitalisation plans submitted by undercapitalised banks, the Staff Report by the International Monetary Fund dubbed “2023 Article IV...

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January 29, 2024 / Comments (0)

BoG hints of recapitalisation –Savings & loans, others targeted

August 12, 2020 DEPOSIT taking institutions could be in for another round of capital injection after the unfolding shock from the novel Coronavirus (COVID-19) pandemic promises to erode their capitals and...

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August 12, 2020 / Comments (0)

No new banking applications yet — Bank of Ghana

September 25, 2019 The Bank of Ghana (BoG) has stated that it is not processing any application for a fresh banking licence to new entrants into the banking sector. The Governor of the BoG, Dr Ernest Addison,...

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September 25, 2019 / Comments (0)

‘Renewed confidence in banking sector to spur economic growth’

April 2, 2019 THE Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr Yofi Grant, is optimistic that a rebound in foreign investor confidence in the banking industry will spur...

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April 2, 2019 / Comments (0)

Recapitalisation to drive interest rates down

January 15, 2019 The Managing Director/COE of Zeinth Bank Ghana, Mr Henry Oroh, has said that the recent recapitalisation exercise that has seen 23 banks increase their minimum stated capital to GH 400...

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January 15, 2019 / Comments (0)

BoG withdraws licences of 9 banks-Injects GH¢12bn to protect depositors

January 8, 2019 The Bank of Ghana (BoG) has completed a major clean-up of the banking sector, in the course of which the licences of nine banks have been withdrawn and over GH¢12 billion spent to protect...

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January 8, 2019 / Comments (0)

Recapitalisation will strengthen indigenous banks

October 10, 2018 A banking consultant, Nana Otuo Acheampong, has said he is optimistic that the successful completion of the recapitalisation of banks in December this year will place indigenous banks on a...

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October 10, 2018 / Comments (0)

We have strong local banks — Dr. Ishmael Yamson

October 2, 2018 A management consultant and retired Board Chairman of Standard Chartered Bank Ghana Limited, Dr Ishmael Yamson, has stated that the efforts by the Bank of Ghana (BoG) to clean the banking...

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October 2, 2018 / Comments (0)

Banks need more than GH¢400m as Basel II & III kick in

May 22, 2018 Banks will require more than the new capital requirement of GH¢400 million in order to meet the minimum capital adequacy ratio (CAR) under Basel II & III. Although most banks have...

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May 22, 2018 / Comments (0)