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Here are all the banks in Ghana that have met the minimum capital requirement

Abu Mubarik

The deadline given by the Bank of Ghana for banks operating in Ghana to recapitalize by at least GHc400 million by December 31, 2018, or risk having their licenses revoked has expired.

Banks in Ghana
Banks in Ghana

According to the central bank governor, Dr. Ernest Addison, Ghana now has 23 banks, down from 32, after the recapitalization drive.

Nine banks have either collapsed or had their licenses revoked since 2017.

Status of Banks

16 banks have recapitalized.

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  • Zenith Bank
  • Ecobank,
  • GCB Bank
  • Stanbic Bank
  • Standard Chartered Bank
  • Barclays Bank
  • Access Bank
  • Consolidated Bank
  • Republic Bank
  • Fidelity Bank
  • UBA
  • Societe Generale
  • GT Bank
  • FBN Bank
  • Cal Bank and
  • Bank of Africa.

Banks that have merged

  • First Atlantic Merchant Bank Limited/Energy Commercial Bank
  • OmniBank Ghana Limited/Bank Sahel Sahara Ghana
  • First National Bank/GHL Bank Limited

Banks to be supported by Government.

  • ADB
  • NIB
  • OmniBank/BSIC
  • Universal Merchant Bank, and
  • Prudential Bank
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Voluntary liquidation

Bank of Baroda (customers absorbed seamlessly by Stanbic Bank Ghana Limited)

Abu Mubarik Abu Mubarik Abu Mubarik is a writer at Pulse Ghana with special interests in Ghana politics, international relations and geopolitics.

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