Audio By Carbonatix
HFC bank has denied talks to merge with any bank in order to meet the Bank of Ghana’s minimum capital required to operate.
The bank’s comments follows recent media reports that it is in crunch merger talks with CAL bank to meet the central bank’s 60 million cedi stated capital by December this year.
In a statement released to JOYBUSINESS by management, HFC says its focus now is to continue with the bank’s second phase capital raising exercise which began some years ago.
The bank currently puts its stated capital at 45 million Ghana cedis. It however adds that it is confident of raising the remaining capital from shareholders and reputable investors by June this year.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Western regional lands officer enstooled Divisional Chief of New Juaben
2 hours -
British poet Suli Breaks backs Glen Boateng amid Kwesi Arthur dispute
3 hours -
VAT reforms to lower prices, boost compliance – GRA
4 hours -
Ghana positions itself as investment-ready at inaugural Philadelphia Business Forum
4 hours -
Burger King Ghana opens new branch at Lakeside
4 hours -
Ghana explores maritime and trade opportunities at Philadelphia Port
4 hours -
Salaga South MP condemns abuse of Dodowa schoolgirl , assures family of accountability
5 hours -
Joy at the Mall: Music, games and shopping deals light up Day Two at Achimota
5 hours -
GPL 2025/26: Hearts batter beggarly XI Wonders to keep title hopes alive
5 hours -
IEU appeals to government to recruit Arabic teachers as graduates remain unemployed
5 hours -
UG Nursing School commends AfDB, SIF for Project Support
6 hours -
SIF hands over UG Microbiology Lab at Korle-Bu for upgrade
6 hours -
SIF hands over UG Biotechnology Research Centre Site to contractors
6 hours -
11 arrested for engaging in illegal mining at Atiwa
7 hours -
Trump threatens Canada with 100% tariffs over China trade deal
7 hours