Currently, over half of the 23 banks in the country have fully recapitalized, as disclosed by Dr. Ernest Addison, the Governor of the Bank of Ghana. This indicates progress in meeting regulatory requirements and strengthening the financial stability of the banking industry as the 2025 deadline draws near. The banks that haven’t fully met the capitalization requirements have made significant strides, meeting more than two-thirds of the required recapitalization over a three-year period. This suggests a concerted effort within the banking sector to comply with regulatory standards and enhance their financial health.
The Bank of Ghana (BoG) has appointed Dr Joseph O. France as a Management Advisor to the Universal Merchant Bank…
