Audio By Carbonatix
The Bank of Ghana has announced new sets of minimum capital requirements for microfinance institutions.
This was contained in a new set of guidelines for the sector, expected to take off from today, 29th January, 2026.
According to the new guidelines, microfinance institutions, community banks and credit unions will have to increase their capital to GH¢50 million by the end of this year.
However, new entrants into the sector would need a minimum stated capital of GH¢100 million.
In addition, ARB Apex Bank Limited (the Apex Bank) shall be restructured with an expanded mandate to provide critical centralised banking services for the sector.
The BoG added that existing institutions and the Apex Bank shall take the necessary steps to comply with this Guideline for transitioning into the new framework, as applicable.
The Central Bank explained that the reform addresses long‑standing structural and operational challenges within the sector to enhance its contribution to financial inclusion and development.
The minimum capital requirement shall be determined by the Bank of Ghana from time to time, based on prevailing conditions.
To manage the transition smoothly, operators have been offered several options. These include recapitalising independently, pursuing mergers or acquisitions, transferring portfolios to more stable institutions, or exiting the market through a regulated winding-down process.
Institutions are expected to inform the central bank of their chosen route by June 30, 2026, and submit evidence of progress by September 30, 2026. Failure to engage the process could result in regulatory penalties, including limits on business activities.
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