The Bank of Ghana (BoG) says it is considering extending the recapitalisation deadline for one of the two banks currently grappling with meeting the minimum capital requirements, Governor Dr Johnson Pandit Asiama has revealed.

While Dr Asiama did not disclose the names of the institutions involved, he indicated that the central bank is taking a measured approach, evaluating progress made by the affected banks.

“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 the 129th MPC press briefing on March 18, 2026.

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Dr Asiama emphasised that any such move is aimed at supporting viable banks while safeguarding the integrity of the financial system.

“We want to ensure that the process is completed successfully without undermining the stability of the banking sector,” the Governor added.

Regarding the second bank, Governor Dr Asiama noted that it is also making efforts but may need more time and closer regulatory supervision.

“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 stated.

Dr Asiama also reiterated that any extension would be granted only after careful assessment and will not compromise the central bank’s regulatory standards.

“Any extension granted will be based on clear evidence of progress and commitment to meeting the requirements,” he stressed.

The recapitalisation exercise is part of the Bank of Ghana’s broader reform agenda, aimed at strengthening the banking sector, improving resilience, and safeguarding depositors’ funds.

FKA/MA