At least five commercial banks in the country could lose their universal banking licenses later this week as the December 31 deadline to meet the new capital requirement draws to a close.
The Bank of Ghana raised the new capital requirement to GH?400 million this year as part of firm measures to create a robust banking sector.
However, as at the close of work Friday, December 28 some had not met the new capital levels despite some last-minute maneuvers, according to persons close to the regulator.
Second Deputy Governor of the Bank of Ghana, Elsie Awadzi, has, however, revealed that 20 banks have met the capital requirement.
At this point, the night was already a memorable night for patrons who trooped to the venue early.
Adom FM ‘s Nana Osei Ampofo Adjei then followed with a performance of some of his songs mixed with that of his legendary father, the late Akwasi Ampofo Adjei of (A.A.A. or Dada Thick) fame, the man who mentored Amakye Dede.
The ‘Mehia Odo’ hit-maker, Kwaisey Pee, will not disappoint singing hit after hit songs whilst he engaged especially ‘daughters of Eve’ at the concert.
Ofori Amponsah’s effortless delivery of hit songs like ‘Emmanuella, Cinderella, Otolege,’ among others to the admiration of the audience who insisted he sings the popular “Alewa”. He couldn’t fail the request but at the end succumbed to pressure and delivered as they danced their hearts out.
Actor and musician, Lil Win, spotting his Scottish kilt skirt over a pair of trousers shook the night with three dancers whose Mapuka-like moves kept patrons on their feet as if it was the last performance on the night.
Not only were patrons amazed at his energy, but the dexterity of his partner on stage to produce a splendid combination of singing and dancing to the admiration of all.
Rapper, Sarkodie took over to do his usual scintillating rap, taking the audience along with him. Starting the night’s performance with some old tunes, climaxing the night with his newest song, “Can’t Let You Go”.
And then came the man of the moment, Abrantie Amakye Dede and his Apollo Hi-kings Band who for decades, have held hi-life lovers across the globe spell-bound to take the stage.
For many, it was time to show their appreciation and love for the ‘Serious ma’ as they sang along while others were left tapping their feet when Sarkodie joined the band to do a remix of the popular “Akwadaa Wesoa” track.
It was indeed an unforgettable night for residents of Kumasi and all those who traveled from far to the Garden City to take part in the concert.
The event was organised by Luv 99.5 FM and Nhyira 104.5 FM in collaboration with Salt Media GH and May Day Entertainment.