GT Bank meets BoG minimum capital requirement

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The Managing Director of Guaranty Trust Bank Ghana Ltd, has disclosed that the bank has met the minimum capital requirement set by the Bank of Ghana.

Thomas Attah John disclosed that though the minimum capital requirement is important, other fundamentals of a bank should be in place as the defining mark of a strong bank such as the bank's liquidity position and non-performing loans ratio.

He also stated the bank will be rolling out a number of electronic banking products to help drive banking transactions after the required regulatory approval can be given

He added that the bank will hold onto branch expansion as they scale up their electronic banking channels. This will, however, be done in a way that will not disadvantage customers who adapt to technology slowly.

The Bank of Ghana has set December 2018 the deadline for universal banks to meet the capital requirement.

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