Regulatory Alerts2020-06-22
Bank of Ghana New Minimum Paid-Up Capital
The Bank of Ghana has increased the minimum paid-up capital requirement for existing banks and new entrants from GH¢120 million to GH¢400 million, effective September 11, 2017. Existing institutions must achieve the revised threshold by December 31, 2018 through fresh capital injections or income surplus capitalization, while excluding revaluation and statutory reserves from the calculation. Banks failing to meet this updated capital framework will face enforcement actions under the Banks and Specialised Deposit-Taking Institutions Act, 2016.
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