Bank eyes GSE listing as BoG weighs recapitalisation deadline extension
The Bank of Ghana (BoG) has disclosed that one of the two banks yet to meet the minimum capital requirement is planning to list on the Ghana Stock Exchange (GSE) as part of efforts to shore up its capital position.
The central bank, in a publication of its March 2026 bi-monthly engagement with the media, indicated that while both banks are still working to meet the regulatory threshold, the process may extend beyond the stipulated deadline. It explained that one of the institutions is pursuing a strategic investor, while the other has formally notified the regulator and the stock exchange of its intention to raise capital through a public listing.
The BoG Governor Johnson Pandit Asiama at a recent press conference to announce the decision of the Monetary Policy Committee, said the Bank is closely monitoring progress and may grant some flexibility where there is clear evidence of commitment and advancement towards compliance.
“Out of the two banks, one is making significant progress towards meeting the recapitalisation requirements, and we may consider giving that institution some extension,” he said at a press conference following the Monetary Policy Committee meeting.
The planned stock market listing is expected to provide a pathway for the bank to attract new investors and strengthen its capital base, at a time when the regulator is tightening oversight of the sector.
Dr Asiama noted that the central bank’s approach is aimed at preserving financial system stability while supporting institutions deemed viable.
“We want to ensure that the process is completed successfully without undermining the stability of the banking sector,” he added.
He acknowledged that the second bank is also making efforts to meet the requirement, although it remains at a different stage and may require closer regulatory engagement.
“The other bank is making efforts as well, but it is at a different stage. We will continue to monitor developments and engage them accordingly,” he said.
The Governor emphasised that any extension of the recapitalisation deadline would be conditional and based on measurable progress.
“Any extension granted will be based on clear evidence of progress and commitment to meeting the requirements,” he emphasised.