First National Bank Ghana Receives $35 Million Capital Injection to Accelerate Growth and Lending Capacity
First National Bank Ghana Ltd. has announced that its shareholder, FirstRand Group has injected an additional USD35 million into the bank, further reinforcing the bank’s financial position and its long-term commitment to Ghana’s economic development.
This additional capital injection, which is undergoing regulatory approval and registration processes, comes on the back of a strong Q1 2025 performance where the bank posted a net profit before tax of GHS 30.68 million, more than double its earnings for the same period last year and holds a healthy 20.88% Capital Adequacy Ratio, well above the regulatory requirement.
The USD35 million will complement the bank’s current capital base of GHS 548 million, which already exceeds the Bank of Ghana’s regulatory minimum of GHS 400 million. The move underscores the bank’s ambition to become a more meaningful player in Ghana’s financial services sector and supports its strategic growth objectives.
Commenting on the development, the Chief Executive Officer of First National Bank Ghana, Warren Adams stated that, “Ghana remains a strategic market for the FirstRand Group. This additional capital injection is a clear demonstration of the Group’s absolute confidence in Ghana, its future prospects, and the soundness of our regulatory environment. It also reflects our ongoing commitment to supporting the growth and transformation of Ghana’s financial services industry.”
“With this added capital, we are significantly enhancing our capacity to lend more to Ghanaian businesses, large and small, at a time when private sector financing is critical for sustained economic growth. We remain committed to being a trusted financial partner to our clients and to contributing meaningfully to Ghana’s development agenda.”
The bank’s recent financial results and capital reinforcement signal clear momentum in its strategic focus on franchise growth, capital efficiency ,and cost control. The additional capital will further enable First National Bank Ghana to scale up lending, deepen its market relevance, and support national efforts towards inclusive economic growth.
