Heritage Bank Limited, Ghana has disclosed that it is firmly on track to meet the new minimum capital requirement set by the Bank of Ghana, well ahead of the stipulated December 2018 deadline.

Managing Director of the Bank, Mr. Patrick Fiscian made this revelation to some members of the media during an interaction on the sidelines of the SMEGA (SME Ghana) 5th anniversary breakfast meeting.  He stated that management of the bank had already initiated plans to meet the revamped minimum capital requirement even before the bank commenced operations in 2017.  “Prior to the official opening of the bank, we were well aware of the proposal by the Bank of Ghana to inject fresh capital, this has therefore been at the fore of our strategy even before we opened our doors to the public” he added. He also predicted that Heritage Bank would emerge as one of the stronger local banks after the Bank of Ghana’s recapitalization deadline elapses.

Mr. Patrick Fiscian further asserted that the move by the Bank of Ghana is understandable as it would serve to strengthen local banks and provide them with the financial capacity to provide relevant services with a view towards facilitating business and spurring economic growth across the country.

Heritage Bank, one of the newest entrants onto the Ghanaian banking scene, marked its first anniversary in February this year. Within a year of operations, the Bank has established 7 Branches, with 4 in Accra (Airport City, East Legon, Dzorwulu, Abbossey Okai), 2 in Kumasi (Adum and Suame-Magazine) and 1 in Tema. All Branches of the bank offer extended banking services from 8:30am to 6:00pm throughout the working week. The Bank also prides itself on some of the most efficient digital banking platforms and consumer asset finance loan offerings on the market as well as a host of other bespoke products.


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