Two of the country’s locally owned banks might have challenges meeting the 60 million cedis capital required to operate after December. This was contained in a letter to the International Monetary Fund signed by the Finance Minister Dr. Kwabena Duffour and First Deputy Governor of the Bank of Ghana, Dr. Kofi Wampah. The letter indicated that only five banks have presented their re-capitalization plans to the Central bank. The letter however did not name the two banks. However Joy Business checks reveal that six banks have already met the capital requirement. They include GCB, CAL, NIB, ADB, UT bank and Merchant bank. The Bank of Ghana in the same letter however reiterated its commitment to extend the deadline for banks that takes steps to list on the Ghana Stock Exchange.