Tag Archives: Minimum Capital

Abiola Bawuah supports BoG Governor on banks downgrading

Abiola Bawuah

Managing Director of UBA Ghana, Abiola Bawuah, has endorsed the BoG Governor’s position that banks that cannot meet the GH¢400million minimum capital requirement should downgrade to savings and loans companies. “Nobody is preventing a bank from doing small ticket but if you want to do micro, you go to savings and loans. Beyond savings and loans too, we also have ...

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Mixed reactions over Bank of Ghana’s New Minimum Capital

capital

The central bank has decided to increase the minimum stated capital requirement for commercial banks to GH?400 million, a more than 230 percent increment, the central bank has said. The central bank is said to have met the various heads of commercial banks Friday morning and told them they have up to December 2018 to meet the new minimum capital ...

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Banks require GH¢1bn stated capital – Experts

Bank of Ghana

Group CEO of CDH Financial Holdings, Emmanuel Adu-Sarkodie, has joined calls for a significant increase in the stated minimum capital for banks to about GH¢1billion, in order to support aggressive economic growth. Kenneth Thompson, Managing Director of Dalex Finance, has been making a similar argument, saying for banks in the country to adequately support infrastructure growth and act as the ...

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