The Bank of Ghana (BoG) is set to release the list of banks that met the GH₵400 million minimum capital threshold by the close of this week in compliance with its earlier directive, which elapsed on December 31, 2018.

The BoG is likely to accept a government-backed arrangement that will see private investors raise up to GH₵2 billion through bonds to invest in six indigenous banks to enable them to meet the minimum capital.

The December 31st deadline issued to Commercial banks to meet the new capital requirement  by the BoG has elapsed, but ahead of the official announcement, the Governor of the Bank of Ghana, Dr. Ernest Addison says about 22 banks out of the 30 banks have so far met the new requirement.

List of successfully recapitalised banks

1. Access Bank Ghana Limited

2. Barclays Bank Ghana Limited

3. CAL Bank Limited

4. Consolidated Bank

5. Ecobank Ghana Limited

6. FBNBank Ghana Limited

7. Fidelity Bank Limited

8. First National Bank Ghana Limited (FNB)

9. Republic Bank Ghana Limited

10. GCB Bank Limited

11. Guaranty Trust Bank Ghana Limited (GTBank)

12. Society Generale Ghana Limited

13. Stanbic Bank Ghana Limited

14. Standard Chartered Bank Ghana

15. United Bank for Africa Ghana Limited (UBA)

16. Zenith Bank Ghana Limited

Not recapitalised but being supported

17. ADB Bank

18. National Investment Bank (NIB)

19. Prudential Bank

20. Universal Merchant Bank Limited (UMB)

21. Heritage Bank Limited

22. OmniBank Limited

Ongoing mergers

23. Energy Commercial Bank Ghana Limited and First Atlantic Bank Limited

24. OmniBank and Sahel Sahara Bank

Ongoing takeovers

First National Bank Ghana Limited (FNB) takes over GHL Bank

Voluntary liquidation

Bank of Baroda (customers absorbed seamlessly by Stanbic Bank Ghana Limited)

Not recapitalised but no credible news yet

25. Bank of Africa Ghana (BoA) Limited

26. GN Bank Limited

27. Premium Bank Limited

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