Ghana raises minimum capital for banks to US$90m (N32.95bn)

Ghana raises minimum capital for banks to US$90m (N32.95bn)

Ghana’s Central Bank, the Bank of Ghana (BOG) has raised the minimum capital required for banks three-fold, to 400 million cedis ($90.2 million or N32.95 billion) as part of measures to ensure financial stability, its spokesman said on Tuesday. The new minimum capital requirement for Ghanaian banks is higher than the N25 billion minimum capital…

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