ADB, NIB Require GHS 2.2bn Capital Injection to Stay Afloat – Finance Minister
Finance Minister Dr. Cassiel Ato Forson has revealed that the Agricultural Development Bank (ADB) and the National Investment Bank (NIB) require a GHS 2.2 billion capital injection to sustain their operations.
Presenting the 2025 Budget in Parliament on March 11, Dr. Forson highlighted the lingering impact of the Domestic Debt Exchange Programme (DDEP), which has left many financial institutions struggling to recover from significant losses.
“The sector requires GHS 10.45 billion to address the remaining financial sector legacy issues and emerging risks. In addition, an amount of GHS 2.2 billion is required to fully capitalize NIB and ADB,” he stated.
According to him, despite a GHS30.3 billion expenditure on the financial sector clean-up by the end of 2024, the sector remains fragile.
The clean-up funds included GHS 26.9 billion allocated to support banks, savings and loans companies, financial houses, microfinance institutions, and asset management firms.
Dr. Forson assured that the government remains committed to addressing the financial sector’s challenges and strengthening banks to enhance their role in supporting economic growth.
