{"id":443251,"date":"2017-12-03T11:21:43","date_gmt":"2017-12-03T11:21:43","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/03\/bog-applauds-move-to-merge-nib-adb\/"},"modified":"2017-12-03T11:21:43","modified_gmt":"2017-12-03T11:21:43","slug":"bog-applauds-move-to-merge-nib-adb","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/03\/bog-applauds-move-to-merge-nib-adb\/","title":{"rendered":"BoG applauds move to merge NIB, ADB"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Sunday,  3 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>thebftonline.com<\/p>\n<p>2017-12-03<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/28429352.295.jpg\" alt=\"BoG 12017\" title=\"BoG 12017\" width=\"295\" height=\"218\" \/><span class=\"image_caption\"><span>File photo<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125817929577\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125817929577\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1512300103_816_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\"> The central bank has endorsed plans by government to merge the operations of ADB and the National Investment Bank (NIB) to meet the new GHS400 million minimum capital requirement.<\/p>\n<p>Dr. Ernest Addison told the press on Monday that he sees nothing wrong with government\u2019s plans to merge the operations of the two banks into a Development Bank.<\/p>\n<p>According to Dr. Addison: \u201cthis will be consistent with the new requirement for capitalisation for banks. To the extent that ADB has to raise 400 million and NIB too same, and the fact that government has fairly large shares in both banks, it makes sense to start thinking of consolidating and I don\u2019t see any difficulty with that.\u201d<\/p>\n<p>Government has said the new bank will mobilise private capital toward agricultural and industrial transformation.<\/p>\n<p>Dr. Addison said the central bank, which has given banks up to end of this month to submit their recapitalisation plans, will not stand in the way of government if it comes to merging the operations of the two state-owned banks.<\/p>\n<p>In September, the Bank of Ghana (BoG) introduced the Internal Capital Adequacy Assessment Process (ICAAP) under the Basel II framework.<\/p>\n<p>The ICAAP will require banks to more than treble their minimum capital to GH\u00a2400m (US$91.6m) by December 31, 2018.<\/p>\n<p>This represents a much bigger jump than previous increases imposed by the regulator over the past decade to strengthen the balance sheets of Ghana\u2019s banks.<\/p>\n<p>The NIB has a capital shortfall of about GH\u00a2255million, a stated capital of GH\u00a270million and an income surplus of GH\u00a274 million as at July 2017.<\/p>\n<p>The ADB \u2013 a publicly-traded company with majority government ownership \u2013 also has a capital shortfall of GH\u00a2310million and a stated capital of about GH\u00a2275million, but a negative income surplus of about GH\u00a2185million.<\/p>\n<p>The ADB, in December last year, started trading on the local bourse. Institutions with an interest in the company include: SSNIT, 9.5% of the shares; Starmount Development Company Limited, 11%; and SIC Financial Services 10%.<\/p>\n<p><!-- uploaded by: -1 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\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>Business News of Sunday, 3 December 2017 Source: thebftonline.com 2017-12-03 File photo The central bank has endorsed plans by government to merge the operations of ADB and the National Investment Bank (NIB) to meet the new GHS400 million minimum capital requirement. Dr. Ernest Addison told the press on Monday that he sees nothing wrong with [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":443252,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-443251","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BoG applauds move to merge NIB, ADB - 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\/12\/03\/bog-applauds-move-to-merge-nib-adb\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BoG applauds move to merge NIB, ADB - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Business News of Sunday, 3 December 2017 Source: thebftonline.com 2017-12-03 File photo The central bank has endorsed plans by government to merge the operations of ADB and the National Investment Bank (NIB) to meet the new GHS400 million minimum capital requirement. Dr. Ernest Addison told the press on Monday that he sees nothing wrong with [&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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"BoG applauds move to merge NIB, ADB\",\"datePublished\":\"2017-12-03T11:21:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/\"},\"wordCount\":348,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/\",\"name\":\"BoG applauds move to merge NIB, ADB - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-12-03T11:21:43+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/12\\\/03\\\/bog-applauds-move-to-merge-nib-adb\\\/#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":"BoG applauds move to merge NIB, ADB - 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\/12\/03\/bog-applauds-move-to-merge-nib-adb\/","twitter_card":"summary_large_image","twitter_title":"BoG applauds move to merge NIB, ADB - Ghanamma.com","twitter_description":"Business News of Sunday, 3 December 2017 Source: thebftonline.com 2017-12-03 File photo The central bank has endorsed plans by government to merge the operations of ADB and the National Investment Bank (NIB) to meet the new GHS400 million minimum capital requirement. 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