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Ghana cenbank triples minimum bank capital requirement to 400 mln cedis
September 12, 2017 / 11:33 AM / 2 months ago

Ghana cenbank triples minimum bank capital requirement to 400 mln cedis

ACCRA, Sept 12 (Reuters) - Ghana’s central bank has raised the minimum stated capital required for operating a commercial bank three-fold to 400 milion cedis ($90.2 million) as part of measures to ensure financial stability, its spokesman said on Tuesday.

“With immediate effect, the Bank of Ghana has set out a new minimum capital requirement of 400 mln cedis for banks as part of a holistic financial sector reform,” Bernard Otabil said. (Reporting by Kwasi Kpodo; Editing by Tim Cocks)

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