Ghana's Cabinet approves 12-month GH¢2.3 billion recapitalization and restructuring of National Investment Bank (NIB) starting with GH¢400 million by May.
Ghana's Cabinet has approved the recapitalization and restructuring of the National Investment Bank (NIB) with a 12-month GH¢2.3 billion programmed equity injection, starting with an initial GH¢400 million by May. The plan aims to enhance NIB's financial viability through improved governance, operational efficiency, supervision, and risk management, addressing under-capitalization following the 2017 banking sector clean-up.
May 24, 2024
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