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 financial position. The move comes as the central bank evaluates whether to extend the recapitalisation deadline for banks struggling to meet regulatory thresholds.
According to BoG’s March 2026 bi-monthly media engagement, both banks are actively working to reach the minimum capital requirement. While one bank is pursuing a strategic investor, the other has formally notified both the regulator and the GSE of its intention to raise funds through a public listing. These efforts reflect the sector’s ongoing efforts to comply with stricter oversight measures.
Governor Johnson Pandit Asiama emphasized that the central bank is closely monitoring the progress of both banks and may allow extensions where there is demonstrable commitment to meeting the requirements. “Out of the two banks, one is making significant progress, and we may consider giving that institution some extension,” he said during a recent press briefing following the Monetary Policy Committee meeting.
The planned stock market listing is expected to attract new investors and boost the bank’s capital base, providing a strategic path to meet regulatory demands. Dr. Asiama stressed that BoG’s approach is designed to support viable banks while maintaining overall financial system stability. “We want to ensure that the process is completed successfully without undermining the stability of the banking sector,” he noted.
The Governor also highlighted that the second bank is making progress, albeit at a different stage, requiring closer engagement from regulators. Any extension of the recapitalisation deadline will be conditional and based on measurable, verifiable progress. “Any extension granted will be based on clear evidence of progress and commitment to meeting the requirements,” Dr. Asiama concluded.
source: graphic