The Bank of Ghana (BoG) has revealed that one of the two banks yet to meet the minimum capital requirement is planning to list on the Ghana Stock Exchange (GSE) to strengthen its capital base.
In a summary of its March 2026 bi-monthly media engagement, the central bank indicated that while both institutions are actively working to meet the regulatory threshold, the process may extend beyond the original deadline.
According to the BoG, one bank is currently in discussions with a strategic investor, while the other has formally notified both the regulator and the stock exchange of its intention to raise capital through a public listing.
Speaking at a recent press conference following the Monetary Policy Committee (MPC) meeting, BoG Governor Dr. Johnson Pandit Asiama stated that the central bank is closely monitoring progress and may grant flexibility to institutions demonstrating a clear commitment to compliance.
“Out of the two banks, one is making significant progress towards meeting the recapitalisation requirements, and we may consider giving that institution some extension,” Dr. Asiama said.
He noted that the planned stock market listing offers a viable pathway for the bank to attract new investors and reinforce its capital position amid tighter regulatory oversight. The Governor emphasized that the central bank’s approach is calibrated to preserve financial system stability while supporting viable institutions.
“We want to ensure that the process is completed successfully without undermining the stability of the banking sector,” he added.
Dr. Asiama acknowledged that the second bank is also making efforts to meet the requirement, though it remains at a different stage and may require closer regulatory engagement.
“The other bank is making efforts as well, but it is at a different stage. We will continue to monitor developments and engage them accordingly,” he said.
The Governor stressed that any extension of the recapitalisation deadline would be conditional, granted only upon clear evidence of measurable progress and a firm commitment to meeting the requirements.
