The Bank of Ghana has announced new sets of minimum capital requirements for microfinance institutions. However, new entrants into the sector would need a minimum stated capital of GH¢100 million. In addition, ARB Apex Bank Limited (the Apex Bank) shall be restructured with an expanded mandate to provide critical centralised banking services for the sector. The BoG added that existing institutions and the Apex Bank shall take the necessary steps to comply with this Guideline for transitioning into the new framework, as applicable. The minimum capital requirement shall be determined by the Bank of Ghana from time to time, based on prevailing conditions.