The Bank of Ghana will release a list of all banks that have successfully met its GHc400 million capital requirement as designated by the central bank earlier last year, according to people familiar with the matter.
Following the December 31, 2018 deadline, Graphic Online has speculated a list of banks that have and have not met the requirement.
Below is the list:
List of successfully recapitalised banks
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
Source: Myjoyonline.com