Indigenous bank, Cal Bank has rejected claims that the Central Bank has agreed to extend the deadline for meeting the GH¢400 million minimum capital requirement for them.
Cal Bank which has expressed shock at reports which said they have been given a special dispensation up to March 2019 to raise extra money to meet requirement says it is not interested in any preferential treatment.
Dzifa Amegashie, the Head of Investor Relations at Cal Bank, told Joy Business that the bank has put in place plans to meet the stated capital by the deadline set by the Bank of Ghana (BoG).
“Am just quiet astonished that there has been such a departure from the presentation that we made at the Ghana Stock Exchange (GSE) on what was communicated to the BoG and was accepted as our means of achieving the minimum capital requirement.
“Am also surprised that anyone would suggest that we had written to the BoG seeking an extension for the minimum capital requirement.
“Even when the Bank of Ghana and its Governors have made it very clear that there would be no extension for the 31st December deadline for any bank,” she said.
She was emphatic that “Cal Bank neither needs an extension and we would not be expecting anything of a sort.”
Listen to the audio:
Have your say
More Business Headlines
- Accra Mall to introduce Family Club
- Eurobond pricing expected on Tuesday as Ofori-Atta ends London Roadshow
- Tony Elumelu Foundation to announce selected entrepreneurs for 2019 programme
- RE: Telcos asked to stop sale of sim cards on the streets
- MTN Ghana enhances data experience for customers with 4G+ service
- Nothing in life happens by chance – MTN boss tells youth
- Ghana benefiting from hedged gold prices
- Cedi records marginal appreciation against dollar after weeks of sustained depreciation
- Huawei defies global troubles with accelerating sales growth
- Gov’t urged to introduce legislation to regulate social enterprising
- Christian businessmen can stick to Godly principles and still be successful – T.D Jakes
- Telcos asked to stop sale of sim cards on the streets
- 1D1F: Petersfield & Rey, CASA de Ropa start production
- Cabinet approves Downstream Petroleum Policy
- Gov’t receives €40m grant to promote investments, job creation