Investment Times

More than half of the 23 banks in Ghana have fully capitalized, the Governor of the Bank of Ghana, Dr. Ernest Addison, has disclosed. According to him, most of the outstanding banks have met more than two-thirds of the required recapitalisation over a three-year period. Announcing this to the press, the Governor said the banking sector has broadly remained stable despite the elevated credit risks. In addition, the bank’s liquidity and profitability positions have continued to improve.Meanwhile, trends in key financial soundness indicators were mixed. The Capital Adequacy Ratio, adjusted for reliefs, was 13.6% in February 2024, above the regulatory...