• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

BoG enforces banks’ Capital Requirement Directive

03/07/2018
Reading Time: 1 min read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The Bank of Ghana has started the implementation of its new Capital Requirement Directive for banks, effective July 1, 2018.

Dr Addison – Governor, Bank of Ghana

The Capital Requirement Directive sets the requirement by which banks will calculate their level of capital as spelt out under the Banks and Specialised Deposit-taking Institutions Act.

The Bank of Ghana says its implementation of the new Capital Requirement Directive start on July 1, 2018 however; banks will be expected to start full compliance by January 1, 2019.

The directive comes six months to the deadline for meeting the new 400 million cedis minimum capital for banks.

The Capital Requirement Directive holds the Board of Directors of banks accountable for their banks ability to meet the minimum requirement set.

In the BoG’s own words, the Board is the author and driver of the bank’s corporate culture and must ensure, at all times, the bank has sufficient capital above the minimum risk based capital requirement.

As a result, the Board must work to establish a capital management framework and to provide oversight of capital for the bank consistent with the Board approved strategy and risk appetite generally.

Per the directive, banks have three options to meeting the minimum capital requirement.

This includes common equity tier 1 capital where a bank can issue ordinary shares, income surplus or retained earnings as statutory reserves which is the amount of money that a bank must hold in order to remain solvent and attain partial protection against a substantial investment loss.

In all these, the Bank of Ghana is resolute with its December 2018 deadline.

source: citifmonline.com

Related Reading: BOG urges banks to consider mergers

Insightful Reading: African retail banking’s next growth frontier

Previous Post

Gov’t plans GH¢300m monthly debt issuance for pension funds

Next Post

About 800 permanent dock workers turned into casual staff

Related Posts

world's most valuable brands

Apple ranks No.1 as World’s Most Valuable Brand, check out other top performers

29/06/2022
Africa's top 10 investment destinations, ghanatalksbusiness.com

CEOs reveal Africa’s top 10 investment destinations

28/06/2022
StockNow App, ghanatalksbusiness.com

StockNow to bring affordable working capital to Africa’s informal retail market

28/06/2022
Financial risk management, ghanatalksbusiness.com

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

27/06/2022
5G Mokki

5G Mokki, the African Technology Space Network that will impact Global Businesses

20/06/2022
African consumers, ghanatalksbusiness.com

‘State of the African Consumer’ Report Issued by Kasi Insight

17/06/2022
Next Post

About 800 permanent dock workers turned into casual staff

how to motivate yourself

As Your Company Grows, You Need to Stop Constantly Dealing With Day-to-Day Fires

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In