Banks are wellcapitalized to perform their financial intermediary roles in support of the economy. I am also delighted to let you know that Absa Bank Ghana exhibited strong performance even during the critical time of transition. Indeed, Absa Bank Ghana, was one of the first banks to meet the new minimal capital requirement 5  through internally-generated funds.
Total Assets more than doubled from ¢ billion at end-December 2016 to ¢ billion at end-December 2019, and the bank’s Capital Adequacy Ratio of 10.6 percent improved significantly to 16.5 percent. Also, the bank’s Non-Performing Loans ratio of 19.2 percent improved to 6.6 percent over the review period, an indication of sound credit administration practices. 11.