Joy Business has learnt that Bank of Baroda and Sahel Sahara Bank are the two foreign banks yet to meet the minimum capital requirement of the Bank of Ghana. All foreign banks in the country were to have increased their capital to GH¢60 million as at December 2009. A few others though, who were not able to make the deadline, managed to meet the requirement last month. Baroda and Sahel have however been given a special dispensation by the Central Bank because they got their licenses to operate in 2008 and were still concluding discussions on their capital. They will have to first raise their capital to GH¢25 million by the end of this year and GH¢60 million by the end of 2011. Baroda is now capitalized to tune off a little over GH¢7 million whilst Sahel has a capital of GH¢9,298,000 all as at December 2009. Ghanaian owned banks with local majority share ownership as per the new bank directive will have to capitalize up to at least GH¢25 million by June this year and 60 million by 2012. Meanwhile Barclays bank has blamed recent challenges with its Automated Teller Machines to inter-connectivity problems with other banks. Some of the bank’s customers and others on the VISA platform who have used their ATM cards at Barclay’s cash machines have in recent times complained of being shortchanged. Source: Joy Business/Myjoyonline.com/Ghana