Audio By Carbonatix
Six out of the ten indigenous banks have so far met the Bank of Ghana’s 60 million cedi minimum capital requirement ahead of the December deadline.
This is after Merchant Bank joined the league of locally-owned banks as the latest to have met the capital requirement.
It follows the official announcement by the bank that it has increased its stated capital to almost 69 million Ghana cedis from 25.
This was after its biggest shareholder; SSNIT converted its debt in the bank into equity.
Merchant Bank now joins other indigenous banks like GCB, ADB, UT bank, CAL and NIB that have already met the capital.
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
-
Flight recorders recovered from ‘devastating’ Amazon cargo plane crash
1 hour -
AI cancer cures slowed by chip shortage, says UK’s biggest tech boss
2 hours -
Grindr to pay £26m to settle claims it allegedly shared users’ HIV status
2 hours -
China to pump $54bn into state banks and insurers to boost economy
2 hours -
Legal Green Association to hold maiden law students’ conference
2 hours -
Dolly Parton’s sister pleads for end to ‘AI garbage’ posts after singer’s death
2 hours -
Minority calls for itemised bill on GH¢49.7 million South Africa evacuation expenditure
2 hours -
Australians will be able to switch off social media algorithms under planned legislation
2 hours -
WAEC admits more study needed into fluctuating core subject performance
2 hours -
Jordan Ayew close to EFL Championship move as Sheffield Utd talks intensify
3 hours -
WAEC questions why core-subject failure keeps shifting from one subject to another
3 hours -
Herbert Mensah joins African Collaborations Group advisory board
3 hours -
WAEC demands further study into persistent English Language failures
3 hours -
Rybakina sweeps past Osaka to close in on number one ranking
3 hours -
Zheng wins set from 5-0 down again to stun Swiatek
4 hours