The 13.0% Capital Adequacy Ratio (CAR) has not been met by roughly 22% of Ghanaian banks.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

About 22% of banks operating in Ghana have failed to meet the the 13.0% Capital Adequacy Ratio (CAR) threshold.

According to IC Insights, these banks would require continuous adherence to recapitalisation plan, enforcement of strict credit risk standards, and continued profitability to restore capital buffers to pre-Domestic Debt Exchange Programme (DDEP) levels.

Joy Business understands that majority of these banks are indigenous.

IC Insights however stated that the banking sector is making good progress on capital restoration as head into the final year of regulatory relief.

Source: newsthemegh.com