Class I Banks – GH¢400 million
Class II Banks – GH¢400 million
Rural Banks – GH¢1 million
Savings & Loans Companies – GH¢15 million
Non- Bank Financial Institution (Mortgage and Leasing Company) – GH¢15 million
Microfinance Companies (deposit-taking or not) – GH¢2 million [of which 75% must be in liquid assets]
Financial NGOS – GH¢300,000 [Minimum Owner’s Contribution]
Credit Reference Bureau – GH¢500,000
All data sourced from Bank of Ghana
This needs an update with the introduction of new minimum capital requirements by the BOG, no?
Thanks Andy. It’s now updated
You’re welcome.
What requirements should I meet as a potential tier 4 money lending business in ghana with regard to the registration and other legal requirement of the business?
Please, is the rural banks minimum capital requirement GHC150,000,000 or GHC150,000?
Please, are the savings and loans tier 2 or 3 in the banking industry?
please is tier 1
Hello, can i get some lists of tier 1,2,3 financial institutions in Ghana?
This blog is far more informative than even most than site around including the SEC AND BOG webpage.
I came across this site by chance and am loving it.
Its hard finding lending and interest rates of various banks in Ghana but you have made it so simple for me.
Thanks