All banks that are not able to meet the minimum capital requirement of four hundred million Ghana Cedis for bank will lead to the loss of the operational license or mergers with others.
Amoah Darkwa Mannor, a chartered accountant and a financial analyst made this clear on the ‘Epa Daben’ socio-political speaking with Kwame Afrifa-Mensah on Accra-based Happy FM.
According to him, the takeover of Unibank by Bank of Ghana and the subsequent appointment of an administrator in the name of KPMG should be a wake- up call for the other local banks in the country.
He said the takeover of Unibank is an indication that the central bank wants to sanitize the banking sector and curb the situation of the DKM, UT bank and Capital Bank in the country.
He stressed the central bank must sanitize the banking sector to allay the fears of many Ghanaians.
He stressed that BoG taking over the assets of bank with liquidity problems will ensure trust in the sector.
He stressed that there several banks like Unibank and others who are having some challenges with liquidity.
He noted that the situation will be worrying different the central bank starting working on the micro-finance companies in the country.
The sector is fraught with massive liquidity problems in the country he said