Sonzele Community Bank works to meet BoG’s GH₵5m capital requirement, declares 25.8% dividend

"The Bank of Ghana has recently issued a directive requiring all rural and community banks in the country to change their names to 'Community Banks' and to increase their minimum stated capital from GH₵1 million to GH₵5 million by 31 December 2026," Mr Zuraih stated.

Sonzele Community Bank PLC has launched an aggressive share mobilisation campaign to meet the Bank of Ghana's (BoG) new GH₵5 million minimum capital requirement by December 2026 while rewarding its shareholders with a substantial 25.

Reiterating the bank's financial strength, Chief Executive Officer Abdul-Sallam Bamie emphasised that the rebranding from a "rural bank" to a "community bank" is a strategic move aimed at greater inclusivity, particularly to attract younger investors.