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
-
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
43 minutes -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
48 minutes -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
1 hour -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
1 hour -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
1 hour -
The rise and rise of Azigi
2 hours -
Is Angela List being targeted? Government must reconsider the Adamus revocation
2 hours -
Bezos-backed consortium buys a third of Liverpool
2 hours -
Galamsey is becoming a national survival issue – Annoh-Dompreh
2 hours -
Beyond State Funding: NSA Inaugurates Deen-led team to power Ghana’s sports reset
2 hours -
Jason Arday death ‘tragedy on so many levels’ says PM Burnham
2 hours -
NPP has never used nolle prosequi to shield appointees – Baffour Awuah
2 hours -
A-G owes it a duty to the State even if we don’t trust him – Dr Bomfeh on AKSA bribery probe
2 hours -
A Plus dismisses claims poor English explains his limited role in Parliament
2 hours -
Unauthorised drone flights banned at Manhyia Palace
3 hours