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.