Minimum Capital for Ghana’s Microfinance Hits Gh¢ 2m

Jul 2015
Ghana, July, 07 2015 - The Bank of Ghana has increased the minimum capital requirement for Microfinance Companies to Gh¢2 million.

Under the revised requirement, Rural and Community Banks will now pay a minimum capital requirement of Gh¢1m.

The move is part of measures to streamline and sanitise the financial industry. The Central Bank is advising existing firms to take steps to enhance their capital in order to meet the requirement.

It warned microfinance institutions which fail to comply with the revised capital requirement that they risk losing their operating license.

Source : Starr FM Online

Research Analysis Tools

The fund indexes, institution benchmarks and other market information displayed here are all Symbiotics designed analysis tools, created in-house by our analysts and experts. Symbiotics has one of the oldest track records in microfinance investment analysis dating back to the late 1990s; its indexes and benchmarks have been regularly used as markers by investors, asset managers, financial institutions and practitioners. These, as well as several other research products, are available through the Research Account. Click on the link below to find out more.

Learn More