The Finance Minister Dr. Cassiel Ato Forson has disclosed that two state owned banks -- ADB and the National Investment Bank (NIB) need GH₵2.2 billion capital injection to sustain their operations.

Presenting the 2025 Budget in parliament on March 11, he pointed out that the financial sector has not yet recovered from the domestic debt exchange programme that saw banks recording some losses.

“The sector requires GH¢10.45 billion to address the remaining financial sector legacy issues and emerging risks. In addition, an amount of GH¢2.2 billion is required to fully capitalise NIB and ADB”, he said. .

According to him, the financial sector still struggles even after spending GH¢30.3 billion in the financial sector clean-up exercise by the end of 2024.

This, Dr. Forson said includes GH¢26.9 billion spending for the banks, Savings & Loans companies, Financial Houses, Micro-Finance Institutions, and Asset Management companies.

He assured that government will do everything in its effort to address the financial sector challenges and strengthen banks to support economic growth.