Prime News Ghana

First National Bank to meet BoG's GH¢400 million minimum capital requirement

By Mutala Yakubu
First National Bank
CEO of First National Bank, Richard Hudson
facebook sharing button Share
twitter sharing button Tweet
email sharing button Email
sharethis sharing button Share

First National Bank has confirmed that it will meet the Bank of Ghana's Four Hundred Million Ghana Cedis (GHC 400,000,00) minimum capital requirement.

Last year, the Bank of Ghana (BoG) came out with a requirement for all banks to meet a minimum paid-up capital of GH¢400 million by December 2018.

Several banks have been able to meet this requirement and the First National Bank look set to join them.

In a release issued on December 10, 2018, the CEO of First National Bank, Richard Hudson said,"First National Bank Ghana, confirms that its parent company, FirstRand Limited will meet Bank of Ghana's new minimum capital requirement of Four Hundred Million Ghana Cedis (GHC 400,000,000)".

The Statement added that "First National Bank is committed to serving the needs of our customers in Ghana"

Below is the statement;


Read also: UBA Ghana meets BoG’s GH¢400 million capital requirement

Ghana News: Latest news in Ghana