Re-Capitalisation Grips Financial Markets

Ghana's financial market is undergoing some dramatic capital increases following the country’s entry into the league of oil producers and the attainment of a lower middle income status. This has pushed regulators of the financial sector to compel industry players to up their capital base to conform to Ghana’s desired status as the financial hub of the sub region. But just when the insurance companies had come out of a bout of recapitalisation, some local banks are trotting to the wire while the brokerage firms have just been hit with a recapitalisation drive.

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