Recapitalise or be sanctioned - BoG turns attention to rural banks

After cleaning the risks and insolvency in the bank and non-bank financial institutions, the Bank of Ghana (BoG) has now turned its attention to the rural and community banks (RCBs) with a reminder to them to top up their minimum capitals to GH¢1 million by February 2020 or face sanctions.

Recapitalise or be sanctioned - BoG turns attention to rural banks
After cleaning the risks and insolvency in the bank and non-bank financial institutions, the Bank of Ghana (BoG) has now turned its attention to the rural and community banks (RCBs) with a reminder to them to top up their minimum capitals to GH¢1 million by February 2020 or face sanctions.