
Audio By Carbonatix
Acting Governor of the Bank of Ghana, Dr. Kofi Wampah has announced that six commercial banks are yet to meet the minimum capital requirement of 60 million Ghana cedis.These include not only locally owned banks which have up to December to meet the requirement but also one of the foreign-owned banks supposed to have recapitalized by the end of 2010.
Initial checks by JOY-BUSINESS revealed that only four locally-owned banks were yet to meet the capital. But with this development, it means that two more banks have yet to.Speaking at meeting with banks, Dr. Wampah however reiterated the Central Bank’s commitment to extend the deadline for banks that take steps to list on the Ghana Stock Exchange.“Public listing on the exchange of at least 25 percent of the bank’s equity, even if such listing does not raise the required amount by the deadline would be considered a sufficient effort to comply with the requirement. Such efforts would then be considered in extending the deadline for compliance with the capital requirement” he noted.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
CGI orders motorbike training at tactical school in Kyebi
31 minutes -
Sachet water producers in Berekum defy gov’t directives, increase prices
32 minutes -
Critical commodities stuck at port, CSOs warn of family planning crisis
35 minutes -
Gender Ministry mourns victims of Volta Lake boat tragedy, deploys support for affected families
37 minutes -
MPs undergo training on human trafficking and gender dimensions
37 minutes -
Don’t expect instant relief – COMAC CEO warns fuel price drops will be gradual
40 minutes -
GIS to unveil comprehensive plans to enhance officers’ welfare and infrastructure
57 minutes -
Right move, wrong timing? – COMAC CEO questions govt’s delay on fuel price relief
58 minutes -
IMF urges Central Banks to keep inflation in check
1 hour -
NRSA stands firm on Toyota Voxy ban despite transport operators’ opposition
1 hour -
H. Kwasi Prempeh raises concerns over Supreme Court’s handling of OSP constitutionality case
2 hours -
Global childhood cancer cases soar
2 hours -
Airline pilots fear retribution over refusing to fly in Middle East, aviators’ group says
2 hours -
Police intensify security in Bosomtwe communities after deadly clash
2 hours -
Corporate Income Tax contributes highest to 2025 petroleum revenue
2 hours