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(1) A bank or specialised deposit-taking institution shall ensure that while in operation, it maintains in the country a minimum paid-up capital, unimpaired by losses including accumulated losses or other adjustments, as may be prescribed by the Bank of Ghana for banks and specialised deposit-taking institutions.

(2) The Bank of Ghana may prescribe different requirements under this section for different classes of specialised deposit-taking institutions.

(3) For  the  purpose  of  calculating  impairment  of  paid-up  capital, losses shall be set off in the following order:

(a) against income surplus and other distributable reserves excluding revaluation reserves; and

(b) against the Reserve Fund established under section 34.

(4)  A financial holding company shall maintain at all times a mini- mum paid up capital, unimpaired by losses or other adjustments, as may be prescribed by the Bank of Ghana.