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First National Bank Ghana in preliminary discussions to acquire GHL Bank

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First National Bank Ghana in preliminary discussions to acquire GHL Bank

First National Bank Ghana Ltd. is in preliminary talks to take over GHL Bank Ltd., Joy Business reported Dec. 31.

GHL Bank entered the talks as it faced difficulties meeting Ghana's new minimum capital requirements due to problems with one of its biggest shareholders Abraaj Group Ltd., according to the report.

First National Bank, which is owned by South Africa's FirstRand Ltd. said in an email to the news outlet that it had already met the country's minimum capital requirements as of Dec. 12, and would not have any issues continuing its services regardless of the outcome of the discussions.