Tag: mergers
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IMF proposes acquisition, mergers of banks to mitigate financial sector instability
The International Monetary Fund (IMF) is asking government to consider a possible acquisition and mergers of banks and other non-bank financial instructions as part of moves to mitigate the country’s financial sector shocks. Under its risk assessment matrix, the IMF in its latest country report in Ghana in said these proposals if adopted will among…
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Banks struggle to meet capital requirement as deadline approaches (Audio)
With just nine months left for banks to meet the minimum capital requirement set by the Bank of Ghana, some banks have confirmed to Citi Business News they are in a good position to meet the requirement, while others appear to be struggling to meet the deadline. The Central Bank increased the minimum capital requirement…