Tag: capital bank
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Banks position themselves for recapitalization
Commercial banks across the country are confident of meeting the new minimum capital requirement yet to be set by the Bank of Ghana (BoG). The BOG last year disclosed that it will give commercial banks some space to meet a new capital reserve ratio. The figure is expected to go up from the current 120…
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Banks welcome minimum capital revision
Some banks in Ghana have lauded the decision by the central bank to increase the minimum capital requirement of banks. According to them this will provide a platform for banks to perform bigger transactions and intervene in the productive sectors of the economy. In an interview with Citi Business News, the Managing Director of Capital…