BoG to offload shares in ADB; pledges to fix recurring problems in state-owned banks

The Bank of Ghana (BoG) has committed to transferring its shares in ADB Bank to the government and addressing persistent issues in state-owned banks to reduce future government bailouts.

This plan was highlighted in the IMF's second review of Ghana's Economic Credit Facility program.

The BoG will conduct a thorough analysis of state-owned banks' structural challenges by April 2025 and develop strategies to address them.

Additionally, the BoG plans to phase out regulatory forbearance introduced during the domestic debt exchange, gradually restoring standard banking regulations by the end of 2025.

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