Bank of Africa Ghana receives 10 Million Dollar cash injection to boost its operations Bank of Africa Ghana can now execute big ticket transactions after it received a cash injection of 10Million Dollars from its parent company Bank of Africa group. The cash injection will enable Bank of Africa Ghana finance profitable business deals especially in the budding oil and gas sector where the BOA previously did not engage. Managers also say the cash injection will further enable it meet the Bank of Ghana’s directives on capital adequacy ratios. Bank of Africa Group recently entered Ghana after acquiring controlling interests in Amalbank creating a formidable financial institution William Arthur Heads Projects and Corporate Finance and the Bank of Africa explains the 10Million Dollars cash injection will significantly benefit Ghanaian business community “Our single lending limit was just under 6million dollars. The economy’s growth has doubled over the last decade. Key sectors that have led such growth are Oil and gas, power and infrastructure. Business leaders in these sectors want banks that can provide one stop solutions to their financing needs-and this money will help us do that” William Arthur added “The cash injection allows us to now play in sectors hitherto we couldn’t venture into because of our small size. Now we can do Oil financing for bulk distribution and Oil marketing companies”