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Access Bank Ghana shareholders approve 450 mln cedis in bond, share issues

ACCRA (Reuters) - Access Bank Ghana shareholders have approved a programme of capital raising via bonds and rights issues worth 450 million cedis ($100 mln), the bank said on Tuesday.

This would include a 300 million cedi rights issue and a bond issue worth 150 million cedis, the bank said.

The move was in response to new requirements by Ghana’s central bank that banks meet a stricter minimum capital requirement by the end of December next year.

Reporting by Christian Akorlie; Editing by Tim Cocks

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