GH¢2.2 Billion Needed to Recapitalize NIB and ADB, Finance Minister Reveals
State Banks Require GH¢2.2 Billion to Sustain Operations
- Dr. Forson stated that the financial sector continues to struggle
- In addition, an amount of GH¢2.2 billion is required to fully capitalise NIB and ADB," he disclosed.
- Dr. Forson assured Parliament that the government is committed to addressing the financial sector's challenges
Finance Minister Dr. Cassiel Ato Forson has announced that the National Investment Bank (NIB) and the Agricultural Development Bank (ADB) require a GH¢2.2 billion capital injection to ensure their operational sustainability.
During the presentation of the 2025 budget in Parliament on March 11, Dr. Forson stated that the financial sector continues to struggle following the domestic debt exchange program, which resulted in significant losses for banks.
“The sector requires GH¢10.45 billion to address the remaining financial sector legacy issues and emerging risks. In addition, an amount of GH¢2.2 billion is required to fully capitalise NIB and ADB,” he disclosed.
He also highlighted that despite the GH¢30.3 billion spent on the financial sector clean-up exercise by the end of 2024, which included GH¢26.9 billion for banks, savings and loans companies, microfinance institutions, and asset management firms, the sector has not fully recovered.
Dr. Forson assured Parliament that the government is committed to addressing the financial sector’s challenges and strengthening banks to support economic growth.
