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Recapitalization of Banks – See from this list if your bank has met the requirements

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The bank of Ghana requires that all banks meet a new minimum capital of GHC400 Million in order to keep their license. This they say is to protect depositors and shareholders funds and to ensure stability in the banking sector.

Several banks have aleeady fallen off the cliff in the past two years due to financial misconduct and what some say dereliction of duty in the oversight responsibility of the mother Bank. This has led the bank of Ghana to sit up and sanitize the banking sector. Below we provide a list of banks that have successfully recapitalized and those who are yet to meet the demands of Bank of Ghana.

List of successfully recapitalised banks

1. Access Bank Ghana Limited

2. Barclays Bank Ghana Limited

3. CAL Bank Limited

4. Consolidated Bank

5. Ecobank Ghana Limited

6. FBNBank Ghana Limited

7. Fidelity Bank Limited

8. First National Bank Ghana Limited (FNB)

9. Republic Bank Ghana Limited

10. GCB Bank Limited

11. Guaranty Trust Bank Ghana Limited (GTBank)

12. Society Generale Ghana Limited

13. Stanbic Bank Ghana Limited

14. Standard Chartered Bank Ghana

15. United Bank for Africa Ghana Limited (UBA)

16. Zenith Bank Ghana Limited

Not recapitalised but being supported

17. ADB Bank

18. National Investment Bank (NIB)

19. Prudential Bank

20. Universal Merchant Bank Limited (UMB)

21. Heritage Bank Limited

22. OmniBank Limited

Ongoing mergers

23. Energy Commercial Bank Ghana Limited and First Atlantic Bank Limited

24. OmniBank and Sahel Sahara Bank

Ongoing takeovers

First National Bank Ghana Limited (FNB) takes over GHL Bank

Voluntary liquidation

Bank of Baroda (customers absorbed seamlessly by Stanbic Bank Ghana Limited)

Not recapitalised but no credible news yet

25. Bank of Africa Ghana (BoA) Limited

26. GN Bank Limited

27. Premium Bank Limited

List by: graphic online

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