Agricultural Development Bank (ADB) and National Investment Bank (NIB)
The Minister of Finance, Dr. Cassiel Ato Forson, has disclosed that the Agricultural Development Bank (ADB) and the National Investment Bank (NIB) require a GH¢2.2 billion capital injection to stay operational.
Presenting the 2025 Budget in Parliament on March 11, 2025, Dr. Ato Forson highlighted the lingering impact of the Domestic Debt Exchange Programme (DDEP), which has left many financial institutions struggling to recover from significant losses.
“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 stated.
According to him, despite a GH¢30.3 billion expenditure on the financial sector clean-up by the end of 2024, the sector remains fragile.
The clean-up funds included GH¢26.9 billion allocated to support banks, savings and loans companies, financial houses, microfinance institutions, and asset management firms.
The minister assured of the government’s effort in addressing Ghana’s financial sector challenges to support economic growth.
SP/AE
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