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
