{"id":414740,"date":"2017-09-05T07:44:24","date_gmt":"2017-09-05T07:44:24","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/09\/05\/banks-ready-for-new-capitalisation\/"},"modified":"2017-09-05T07:44:24","modified_gmt":"2017-09-05T07:44:24","slug":"banks-ready-for-new-capitalisation","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/09\/05\/banks-ready-for-new-capitalisation\/","title":{"rendered":"Banks ready for new capitalisation"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking industry.<\/p>\n<p>Alhassan Andani, who is the CEO of Stanbic Bank, a leading universal bank, told the Economy Times that \u201cI don\u2018t envisage any takeover, merger or acquisition should the Bank of Ghana announce a new minimum capital requirement.\u201d<\/p>\n<p>He said the banks are well prepared to meet the new minimum requirement anytime it will be announced.<\/p>\n<p><!-- \/1002554\/Myjoyonline.com_InArticle_300x250 --><\/p>\n<p>\u201cThe banks are solid and adequately prepared to shore up their shareholders\u2019 funds any time their statutory regulator, the Bank of Ghana announces the capital new requirement,\u201d he said.<\/p>\n<p>He said the banking industry is very solvent ready for the new capitalization program.<\/p>\n<p>Total assets of the banking sector stood at GH\u00a286.72 billion as at end-June 2017, indicating a 30.8 percent growth from GH\u00a266.29 billion in June 2016 which was 13.2 percent year-on-year growth over the previous year.<\/p>\n<p>The Banks&#8217; domestic assets which constituted about 91 percent of the sector&#8217;s total assets as at end-June 2017 largely accounted for the increase in banks\u2018 total assets within the year.<\/p>\n<p>Changes in banks\u2018 investment portfolio, a constituent of domestic assets, contributed the most to the increase in the sector\u2018s tot assets between June 2016 and June 2017, recording 54 percent growth from GH\u00a216.39 billion in June 2016\u00a0 to GH\u00a225.39 billion in June 2017.<\/p>\n<p>Net advances remained the largest component of bank assets constituting 36.5 percent of banks\u2018 assets in June 2017.<\/p>\n<p>Its share, however, dropped from 43.1 percent in June 2016 with the difference largely picked up by investments, highlighting banks\u2019 shifting preference for less risky financial assets.<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking industry. Alhassan Andani, who is the CEO of Stanbic Bank, a leading universal bank, told the Economy Times that \u201cI don\u2018t envisage any takeover, merger or acquisition should the Bank of [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":414741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-414740","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Banks ready for new capitalisation - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/09\/05\/banks-ready-for-new-capitalisation\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Banks ready for new capitalisation - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking industry. Alhassan Andani, who is the CEO of Stanbic Bank, a leading universal bank, told the Economy Times that \u201cI don\u2018t envisage any takeover, merger or acquisition should the Bank of [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Banks ready for new capitalisation\",\"datePublished\":\"2017-09-05T07:44:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/\"},\"wordCount\":269,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/\",\"name\":\"Banks ready for new capitalisation - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-09-05T07:44:24+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/09\\\/05\\\/banks-ready-for-new-capitalisation\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Banks ready for new capitalisation - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/09\/05\/banks-ready-for-new-capitalisation\/","twitter_card":"summary_large_image","twitter_title":"Banks ready for new capitalisation - Ghanamma.com","twitter_description":"The President of the Ghana Association of Bankers, Alhassan Andani, has ruled out the possibility of acquisition, mergers or a takeover within the banking industry. 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