The Bank of Ghana has downgraded GN Bank to a savings and loans company. This was after the central bank finished what it describes as the banking resolution requiring each commercial bank operating in the country to have a minimum capital of 400 million cedis.

More soon.

Source:https://www.ghanaweb.com/GhanaHomePage/business/BoG-downgrades-GN-Bank-now-savings-and-loans-712819