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AfricaAugust 10 2020

First National Bank senses growth potential in Ghana

The chief executive officer at First National Bank Ghana talks to Jason Mitchell about the country’s growing investment banking sector and the impact of new capital regulations
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Q: What has been the impact of new capital regulations on Ghana’s investment banks?

A: During the past two years, the investment banking sector has experienced positive growth owing to the new minimum capital requirement for banks of 400m cedis ($69m). This has led to some consolidation and better capitalised banks. According to the central bank, new deals contributed to a 16% growth in overall banking assets during 2019, most of which are investment banking transactions, primarily in the infrastructure space.

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