Finance Minister Dr Cassiel Ato Forson has disclosed that the National Investment Bank (NIB) and the Agricultural Development Bank (ADB) require a capital injection of GH¢2.2 billion to ensure their full capitalisation.
He said this in Parliament during the 2025 budget presentation on Tuesday March 11, 2025.
“An amount of GH¢2.2 billion is required to fully capitalize NIB and ADB,” he said.
Dr Forson also highlighted the ongoing challenges faced by the financial sector despite significant investments in the clean-up exercise.
“Mr Speaker, the financial sector still struggles even after spending GH¢30.3 billion in the financial sector clean-up exercise by the end of 2024.
“This includes GH¢26.9 billion spending for the banks, Savings & Loans companies, Financial Houses, Micro-Finance Institutions, and Asset Management companies,” Dr. Forson stated.
He further explained that the sector requires an additional GH¢10.45 billion to address remaining financial sector legacy issues and emerging risks.
“Mr. Speaker, the sector requires GH¢10.45 billion to address the remaining financial sector legacy issues and emerging risks,” he noted.