The Bank of Ghana has confirmed that two banks—Universal Merchant Bank (UMB) and Prudential Bank Ghana—remained undercapitalised as of December 2025.

Governor of the Bank of Ghana, Dr. Johnson Asiamah, stated that commitments have been made to ensure the banks receive the required capital injections promptly.

For UMB, Dr. Asiamah revealed that the recapitalisation deadline has been extended to the end of March 2026. This extension allows key shareholders, including SSNIT and SIC, to complete their planned capital contributions. He added that discussions are ongoing between the Bank of Ghana and the stakeholders, including SSNIT, SIC, and the Ghana Amalgamated Trust, to finalise the recapitalisation process.

Regarding Prudential Bank Limited, the Governor said the government plans to bridge the bank’s capital shortfall. This move is part of the Overarching Restructuring Strategy and Plan developed jointly by the Government of Ghana, the Bank of Ghana, and Prudential Bank Limited.

Dr. Asiamah also clarified that the Government of Ghana remains the majority shareholder of Agricultural Development Bank (ADB), holding 88.16% of shares, while the Bank of Ghana owns 9.66%.