Tag: Recapitalisation
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GAT to own 13 percent stake in ADB after supporting with recapitalization
The Ghana Amalgamated Trust (GAT) is expected to hold at least a thirteen percent stake in the Agricultural Development Bank (ADB) following the injection of GH¢127 million into the operations of the bank. GAT, on January 21, 2020, completed the processes to support ADB to recapitalize to meet the minimum requirement set by the Bank…
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ADB receives GH¢127 million GAT support for recapitalization
The Agricultural Development Bank (ADB), has completed a private placement which is the issuance of shares to chosen investors, to attract some GH¢127 million into its operations to help it recapitalize. A notice sighted by Citi Business News on the deal said that the amount constitutes about eighteen percent of the newly issued share capital.…
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BoG must decide extension of recapitalization deadline
The independence of the Bank of Ghana (BoG) must be allowed to prevail even as appeals are considered from local banks for an extension of the deadline for recapitalization. This should also build a strong financial sector with the capacity to support economic growth. That is the suggestion from Financial Analyst, Professor Godfred Bokpin. His…
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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…