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Ghana: Microfinance firms urge BoG to review GH¢50m capital requirement

Ghana: Microfinance firms urge BoG to review GH¢50m capital requirement

Rédaction Africa Links 24 with Ghanaian Times
Published on 2026-06-11 07:23:51

Players in Ghana’s microfinance sector have appealed to the Bank of Ghana (BoG) to reconsider its proposed increase in the minimum capital requirement for microfinance companies.

They cautioned that the policy, if implemented in its current form, could threaten the survival of many indigenous firms and undermine financial inclusion.

According to industry stakeholders, the proposed jump in minimum capital from GH¢2 million to GH¢50 million within a short timeframe is excessively high and…

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