The Bank of Ghana says its decision still stands and, therefore, it expects all banks to meet the requirement by the deadline.
At a breakfast meeting for chief executive officers and other senior management members of banks in Accra Tuesday, the Second Deputy Governor of the BoG, Mrs Elsie Awadzie, said although the central bank was aware of a petition by some indigenous banks for the central bank to extend the recapitalisation date to 2023, “the BoG directive still stands and we expect all banks to meet the requirement by December 2018”.
She added,President Nana Addo Dankwa Akufo-Addo has set up a committee with key stakeholders to explore ways in which indigenous banks can be supported, but that has nothing to do with the directive.
The breakfast meeting, which is the first in the year, was organised by the central bank to provide a platform for the regulator and the banks to deliberate on key issues affecting the industry.
It was attended by members of the Ghana Association of Bankers (GAB), the umbrella body of banks in the country, board members of some banks, as well as private sector players with interest in banking and finance.
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