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Has your Bank Recapitalised Yet ? Here is the List 

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The Bank of Ghana (BoG) will, this week, announce the list of banks that have successfully raised their minimum capitals to GH₵400 million in compliance with its earlier directive, which elapsed on December 31, 2018.
Graphic Online says based on reliable information gathered, it foresees BoG making key decisions on two of the banks, using provisions set out in Sections 103 to 137 of the Banks and Specialised Deposits Taking Institutions Act 2016 (Act 930).
Both banks are unable to recapitalise, with one having a capital deficit in excess of GH₵800 million.
One bank is expected to be downgraded to a savings and loans company for being unable to meet the minimum paid-up capital as of the December 31, 2018 deadline

BoG will announce that it has accepted a government-backed arrangement by private investors to raise up to GH₵2 billion through bonds to invest in six indigenous banks to enable them to meet the minimum capital.


The first tranche of the bond could be around GH₵800 million and will be used to recapitalise well-governed, solvent but undercapitalised banks.
The transaction is being executed by a special purpose vehicle, the Ghana Amalgamated Trust (GAT) Limited.
Below is the list of banks and their status as far as the recapitalisation is concerned


List of successfully recapitalised banks
1. Access Bank Ghana Limited
2. Barclays Bank Ghana Limited
3. CAL Bank Limited
4. Consolidated Bank
5. Ecobank Ghana Limited
6. FBNBank Ghana Limited
7. Fidelity Bank Limited
8. First National Bank Ghana Limited (FNB)
9. Republic Bank Ghana Limited
10. GCB Bank Limited
11. Guaranty Trust Bank Ghana Limited (GTBank)
12. Society Generale Ghana Limited
13. Stanbic Bank Ghana Limited
14. Standard Chartered Bank Ghana
15. United Bank for Africa Ghana Limited (UBA)
16. Zenith Bank Ghana Limited
Not recapitalised but being supported
17. ADB Bank
18. National Investment Bank (NIB)
19. Prudential Bank
20. Universal Merchant Bank Limited (UMB)
21. Heritage Bank Limited
22. OmniBank Limited
Ongoing mergers
23. Energy Commercial Bank Ghana Limited and First Atlantic Bank Limited
24. 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
25. Bank of Africa Ghana (BoA) Limited
26. GN Bank Limited
27. Premium Bank Limited
Source: Graphic Online | Ghana

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Barimah Amoaning Samuel (Chief Blogger) is a young celebrated Ghanaian Blogger, and TV&Radio Personality. Barimah is the host of Entamoty Youth Show on Class fm and a regular panelist on TV3 Spotlight show. He has a Diploma in English from WEI, u.s.a (Worlds English Institute) and has a local Diploma in Broadcast Journalism( Ghana Media School) Follow Barimah @Barimah_entamoty @Chief_Blogger on fb & IG to connect with him personally. you can contact him on +233570570892 or write him at barimah@entamoty.com for promotions, hiring&bookings

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