Q & A relating to Bank of Ghana Proposed New Minimum Capital for Banks in Ghana

September 11, 2017
Source: Emmanuel Akrong | thebftonline.com | Ghana
Q & A relating to Bank of Ghana Proposed New Minimum Capital for Banks in Ghana

The central bank on Monday announced an increase in the minimum capital requirement for all banks to GHC 400m, an increase of 233 percent from the previous amount of GHC 120m.

What does this mean and what are the implications for the banking industry and the economy as a whole? 

Emmanuel Akrong explores the issues related to the Bank of Ghana's latest directive in this detailed report:

 

Read report here.