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Stanbic bank takes over Bank of Baroda as it ends operations in Ghana

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Stanbic Bank Ghana, says it has received all deposits and investments of customers of the Bank of Baroda, which is ending its operation in Ghana.

Customers of the Bank of Baroda will now access their funds from Stanbic Bank Ghana.

The Managing Director of Stanbic Bank, Ghana, Alhassan Andani said customers of Bank of Baroda have no reason to panic over their funds.

December 31, 2018, was set by the Bank of Ghana as the deadline for commercial banks to meet the 400 million Ghana cedis minimum capital requirement.

Some 22 banks were confirmed to have met it while bail out has been announced for Six, (6) Banks to meet the minimum Capital requirement.

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