ADB and NIB, two state-owned banks, require a capital infusion of GH₵2.2 billion in order to continue operating. – Finance Minister

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

The Finance Minister Dr. Cassiel Ato Forson has disclosed that two state owned banks, ADB and the National Investment Bank (NIB) need GH₵2.2 billion capital injection to sustain their operations.

Presenting the 2025 Budget in parliament on March 11, he pointed out that the financial sector has not yet recovered from the domestic debt exchange programme that saw banks recording some losses.

“The sector requires GH¢10.45 billion to address the remaining financial sector legacy issues and emerging risks.

In addition, an amount of GH¢2.2 billion is required to fully capitalise NIB and ADB”, he said.

Source: newsthemegh.com