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NOTICE
Revision of The Minimum Paid-Up Capital for Rural Banks and Microfinance Institutions
Further to Bank of Ghana Notice No. BG/GOV/SEC/2013/05 DATED 30th August 2013 and Notice No. BG/GOV/SEC/2013/08 DATED 30th December, 2013, the Bank of Ghana announces for the information of Rural/Community Banks and Microfinance Institutions (TIER 2 and Tier 3 Microfinance Institutions), the revised minimum capital requirement for the industry applicable to both existing and new entrants, in accordance with Section 6(2) of the Banking Act, 2004 (Act 673) and Section 11 of the Non-Bank Financial Institutions Act, 2008 (Act 774) as follows: