Eligibility Criteria

1.

Legal registration in Ghana

2.

Completed re-registration under the Government’s eRegistration (GeReg) system and accordingly obtained new TIN, TIN Certificate, Registration Number, Certificate of Incorporation and Certificate to Commence Business

3.

Applicable and up-to-date licences as follows: 

(1) Banking license / NBFI licence 

(2) Business operating permits

4. 

Met the required minimum paid-up capital prescribed by the Bank of Ghana

1. GHS 400 million for Universal Banks 
2. GHS 1 million for Rural and Community Banks 
3. GHS 2million for Microfinance Institutions 
4. GHS 15 million for Savings and Loans Companies

5.

Minimum Capital Adequacy Ratio of 10% or as prescribed by the Bank of Ghana 

6. 

At least 5% of portfolio in agriculture, agribusiness and/or renewable energy

7.

Rural presence served either through a physical branch network or a branchless mechanism.

8.

Operated in Ghana for at least 5 years

9.

Consecutively profitable for the last 3 years 

10.

Non-performing loans not exceeding 15%

11.

Last 3 financial statements present a true and fair financial position of the institution and no post-audit material issues have taken place