Thirteen banks that had capital deficits after the DDE have now either met or surpassed their recapitalization requirements.

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

Most of the 13 banks that recorded post-Domestic Debt Exchange (DDE) capital deficits have now met or exceeded their recapitalisation requirements at the end of 2024.

This is on the back of strong profitability and Ghana Financial Stability Fund (GFSF) support, and they are on course to restore the Capital Adequacy Ratio (CAR) of 13.0% without relief by end-2025.

According to the Country Report by the International Monetary Fund, despite shareholders and/or GFSF capital injections, a few banks (including one state-owned) are materially behind on their recapitalisation schedule.

Source: newsthemegh.com