Dec. 6 (Bloomberg) -- Ghana’s domestically owned banks should consider mergers or look for buyers to meet new capital-base requirements by 2012, central bank Governor Kwesi Amissah-Arthur said, the Business and Financial Times reported.
Ghana is increasing the capital-base minimum for banks to 60 million cedis ($41.6 million) from 25 million cedis, the Accra-based newspaper said.
Foreign-owned banks in Ghana, which include units of Barclays Plc and Standard Chartered Plc, are already in compliance with the rules, Business and Financial Times said.
Amissah-Arthur also encouraged the government to sell its holdings in banks to diversify ownership in the financial industry.
To contact the reporter on this story: Jason McLure in Accra on firstname.lastname@example.org.
To contact the editor responsible for this story: Antony Sguazzin in Johannesburg at email@example.com.