Bank of Ghana looks for ‘smooth’ transition to higher capital requirements

Ghana 5 cedi note
Bank of Ghana

The Bank of Ghana is looking to ensure that all banks which come under its regulatory purview “smoothly” transition to new capital requirements by December 2018.

Speaking on April 24, second deputy governor Elsie Addo Awadzi explained what measures the central bank was implementing to ensure the banking sector improves its protection of depositors.

“Banks that previously lacked adequate levels of capital were required to submit capital restoration plans to the Bank of Ghana, which they

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