Under the new framework, existing institutions that intend to operate as Microfinance Banks must increase their minimum capital to GH¢50 million, while prospective new entrants will be required to raise GH¢100 million. The Bank of Ghana says the move is aimed at ensuring stronger balance sheets and improved governance among institutions that mobilise public funds. Rural Banks ReclassifiedThe reforms also provide for the conversion of all Rural Banks into Community Banks by March 31, 2026. According to the Bank of Ghana, the restructuring is intended to enhance local banking services while promoting stronger ownership structures and accountability. Customers are expected to be shielded during any consolidation process, with institutions required to give a minimum of 30 days’ notice before implementing significant changes.