Naagyei 90.3 Fm Agyapa
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
