There are also some more detailed areas that will require further research and deliberation, for example how exactly pooled accounts should be treated and how the small cooperative financial institutions should fit into the deposit insurance scheme framework. These aspects are important and will receive special attention in the coming months, without delaying the legislative processes.
Mr. Chairman, permit me to touch on a matter that is sensitive to both the industry players and the Bank of Ghana that is capital requirements. Developments in the macroeconomic front have necessitated the need for the Bank of Ghana to review the minimum capital requirements for new industry entrants.