The Bank of Ghana will in the coming days officially announce the banks that have successfully met the GH₵400 million minimum capital requirement for 2019.
Ahead of the much-awaited announcement, sources say the government is set to announce a GHS2 billion bailout package for some six indigenous banks to enable them to meet the Bank of Ghana’s the GH₵400 million minimum capital requirement.
According to sources, GHS2 billion bailout package was hurriedly put together for the six banks, which are seen as well-governed, solvent but unable to meet the BoG’s GHS400 million new minimum capital for banks on their own.
Another source said it foresaw the number of beneficiary banks increasing to about eight as more indigenous banks come forward for the support.
However, below is the list of successfully recapitalised banks in Ghana
- Access Bank Ghana Limited
- Barclays Bank Ghana Limited
- CAL Bank Limited
- Consolidated Bank
- Ecobank Ghana Limited
- FBNBank Ghana Limited
- Fidelity Bank Limited
- First National Bank Ghana Limited (FNB)
- Republic Bank Ghana Limited
- GCB Bank Limited
- Guaranty Trust Bank Ghana Limited (GTBank)
- Society Generale Ghana Limited
- Stanbic Bank Ghana Limited
- Standard Chartered Bank Ghana
- United Bank for Africa Ghana Limited (UBA)
- Zenith Bank Ghana Limited
Not recapitalised but being supported - ADB Bank
- National Investment Bank (NIB)
- Prudential Bank
- Universal Merchant Bank Limited (UMB)
- Heritage Bank Limited
- OmniBank Limited
Ongoing mergers - Energy Commercial Bank Ghana Limited and First Atlantic Bank Limited
- 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 - Bank of Africa Ghana (BoA) Limited
- GN Bank Limited
- Premium Bank Limited
