FULL List: 16 Banks meet Capital DEADLINE; 6 seek support, 2 merging, 1 Takeover and 3 ‘condemned’

After the deadline for capitalization for the Banks elapsed, the Bank of Ghana has filed a report on the state of the banks as at 31st December 2018. Only 16 banks have met the minimum capital requirements, 6 banks are seeking support, 2 are merging, 1 takeover and 3 “dead news”. The facts were first obtained by Graphic.com.gh. It will be recalled that the indigenous banks appealed for an extension of the deadline to meeting the minimum capital requirement. They petitioned the President over the matter seeking that the date…

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