Government says some GHC 2 billion approved for some five local banks is only to support their recapitalization and must not be classified as a bailout arrangement. In a press release issued on Saturday, the Finance Ministry said the Ghana Amalgamated Trust (GAT) arrangement “is to support solvent and strong indigenous banks to meet the new minimum capital requirement, and …
GHC 2billion support to banks ‘not bailout’ – Government clarifies
