Home | Goldstreet Business
Wednesday, January 27, 2021
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result

19 banks set to meet capital requirement – BoG Governor hints

September 24, 2018
in Uncategorized
0
Share on FacebookShare on Twitter

The Governor of the Bank of Ghana, Dr. Ernest Addison has hinted that 19 banks are expected to meet the minimum capital requirement by the end of this year.

This is an increase of 4 more banks from the 15 banks announced mid-year 2018.

RELATED POSTS

ISSER boss speaks on economic implications of lockdown

NBSSI Opens Digitalisation Support Scheme Application

Dr Addison made this known at the 84TH Monetary Policy Committee meeting in Accra on Monday.

As at August 2018, the Central Bank’s data showS that a total of 30 banks are operating in the industry. Of this, at least 11 banks are yet to declare their position on meeting the new minimum capital requirement with three months to the deadline.

Seven banks have reached the target with seven others undertaking various measures to recapitalize. These seven banks include; the Consolidated bank, Republic bank, Access bank, Zenith Bank, Barclays Bank, Ecobank Ghana as well as GCB Bank.

Nonetheless, two banks; Omnibank Ghana Limited and Sahel Sahara Bank (BSIC) Ghana Limited have also announced plans to merge into one strong financial entity.

The Governor assured that the banking system continues to be profitable, sound and well- capitalized.

Total assets increased by 39.7 percent to GHS 44.2 billion in July 2018. Of the total, advances constituted 45.8 percent.

Currently, the industry’s capital adequacy ratio of 19.1 percent is significantly above the prudential requirement of 10.0 percent, as banks reduced their operating expenses in response to a decline in both interest and non-interest income, Dr Addison noted.

He added that, the private sector credit growth continues to recover, although at a moderate pace as the ongoing balance sheet restructuring by the banks continues.

Private sector credit in August 2018 grew by 15.8 percent year-on-year compared with 6.5 percent a year earlier. In real terms, private sector credit expanded by 5.4 percent in August against a contraction of 5 percent over the same period last year.

The latest credit conditions survey shows a tightening in banks’ credit stance on loans to both households and enterprises as banks continue to repair their balance sheet and also build their capital base.

By Joshua W. Amlanu

60

SHARES
facebook Share on Facebook
Twitter Tweet
Follow Follow us
custom Share
custom Share
custom Share
custom Share
custom Share
ShareTweetShare

Related Posts

ISSER boss speaks on economic implications of lockdown

ISSER boss speaks on economic implications of lockdown

January 26, 2021
NBSSI Opens Digitalisation Support Scheme Application

NBSSI Opens Digitalisation Support Scheme Application

January 26, 2021
Ghana to become regional top performer in palm oil production

Ghana to become regional top performer in palm oil production

January 26, 2021
Ghana Association of Bankers appoints Mansa Nettey as new president

Ghana Association of Bankers appoints Mansa Nettey as new president

January 26, 2021
Ghana Revenue Authority targets GH₵60 billion tax revenue for 2021

Ghana Revenue Authority targets GH₵60 billion tax revenue for 2021

January 26, 2021
Next Post

Brent crude hits US$81 since 2014 after OPEC refuses to boost output

Chinese influence grows as US struggles in Africa

Archives

<
January 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

ISSER boss speaks on economic implications of lockdown

ISSER boss speaks on economic implications of lockdown

January 26, 2021
NBSSI Opens Digitalisation Support Scheme Application

NBSSI Opens Digitalisation Support Scheme Application

January 26, 2021

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.