Nana Dr Ampim Darko appeals to Bank of Ghana to consider extension of deadline
Nana Dr Ampim Darko V, Kyidomhene of Agona Nyakrom Traditional Area has appealed to the Bank of Ghana (BoG) to reconsider its deadline given to community banks to increase their share capital from one million cedis to five million cedis by December 31, 2026.
Mr Emmanuel Egyir, chairman of the board of directors of the bank added his voice to the appeal to the BoG to extend the deadline because six months was too short to raise five million cedis as share capital.
He said the board and management had followed the banking rules and regulations and raised the one million Ghana cedis share capital earlier required, but not long after, the second demand came and so it needed an extension of time to raise such colossal amount of money.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
