Audio By Carbonatix
Sources close to the Bank of Ghana (BoG) say the Central Bank is likely to settle on GH¢200 or GH¢300 million as the new minimum capital for banks.
The decision to settle on one of these amounts follows an extensive engagement with most players in the financial sector in 2016, by the committee set up by BoG.
The committee later presented its report in the last quarter of 2016 to the regulator. Sources say the new capital requirement should start from this year if the Central Bank is able to secure the necessary approvals from government.
The commercial banks will have one year to meet the new requirements.
JOYBUSINESS understands the regulator is waiting for the final approval from the new administration before it goes ahead with the announcement.
But even before this happens, JOYBUSINESS is learning, some local banks are making a case for the proposed increase to be postponed as some of the banks fear they cannot meet the new minimum capital requirement.
For some analysts, the development did not come as a surprise, because JOYBUSINESS understands, some banks have not met the previous minimum capital of GH¢120 million capital after they were initially given some waivers.
But the Bank of Ghana has maintained that the capital increase is inevitable.
They argue that they want to improve the financial position of commercial banks and prevent the situation where most banks, always turn to the regulator for waivers to finance transactions beyond a certain percentage of their minimum capital.
Latest Stories
-
NACOC arrests 3 suspects linked to Dutch fugitive drug kingpin
21 minutes -
Workers must complement AI skills with professional expertise to remain relevant – ALX Enterprise
33 minutes -
Companies that delay AI adoption risk losing market opportunities – ALX Enterprise
46 minutes -
‘The future is bright’ – Gyan backs Black Princesses squad after U-20 World Cup exit
52 minutes -
We should treat AI as an opportunity rather than a threat – ALX Enterprise
1 hour -
Malta and Ghana set sights on practical AI partnership
1 hour -
2026 U-20 WWC: ‘Not all wishes come true’ – Gyan inspires Black Princesses after elimination
1 hour -
‘I am not a magician’ – Zdravko Logarušić on Nations FC exit from Africa
1 hour -
Three nights. 28 titles. Ultimate history made
2 hours -
Ghanaian delegates at IYF 2026 could become bridges for stronger Russia ties – John Aggrey
2 hours -
Nigeria: Over 30 dead, 50 hospitalised after consuming alcoholic substance in Ondo State
2 hours -
UK lawmakers demand new law to address AI threat to human rights
2 hours -
WAFU B U-17 Girls Cup: Black Maidens depart Accra for tournament in Yamoussokro
2 hours -
Sweden’s center-left bloc narrowly ahead as election remains too close to call
2 hours -
GPL 2026/27: ‘We won ugly’ – Kotoko head coach unimpressed after Lions victory
2 hours