The Ranking member of the Finance Committee of Parliament, Cassiel Ato Forson, has challenged the Bank of Ghana to sanction state-owned banks if they fail to meet the GHS400 million minimum capital requirement just as the central bank has been punishing private banks.
All banks are expected to meet the requirement by the 31 December 2018 deadline or face sanctions by the BoG.
According to Mr Forson, the Minority in Parliament will question any decision taken by the regulator that will seem to favour NIB and adb, against the other privately-owned local banks struggling to meet the requirement.
About 22 banks have so far met the requirement while six are racing against time to meet the deadline.
Speaking in an interview with Class Business’ Pious Kojo Backah, Mr Ato Forson stated that not only is the crisis affecting the growth of the financial sector, but also the general economy as a whole.
“The government is the major shareholder for three major banks of which two are failing to meet the target, NIB and adb.
“I am hoping that when the time elapses, the BoG should take the same actions against the banks,” he said.
ClassFM
