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Bank of Ghana to Receive Government Support for Recapitalisation Amid DDEP Challenges
•1 min read•1 source
The Bank of Ghana (BoG) is set to receive government support for its recapitalisation efforts following financial strains resulting from the Domestic Debt Exchange Programme (DDEP). BoG Governor Dr. Johnson Asiama confirmed that discussions with the government have been constructive, emphasizing the importance of restoring the Bank's financial health for its credibility and operational independence. Although former Finance Minister Dr. Cassiel Ato Forson previously ruled out taxpayer funding, advocating for internal reforms instead, the current dialogue suggests a shift towards government involvement in the recapitalisation process. Furthermore, improvements have been noted in the commercial banking sector, with 21 out of 23 banks meeting capital adequacy requirements by the end of December 2025. The remaining banks have until March 2026 to comply with these standards, indicating a positive trend in the sector's resilience and regulatory adherence.
