(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.