Eligibility Criteria

Eligibility Criteria
1.	Legal registration in Ghana
2.	Completed re-registration under the Government’s eRegistration (GeReg) system and accordingly obtained new TIN, TIN Certificate, Registration Number, Certificate of Incorporation and Certificate to Commence Business
3.	Applicable and up-to-date licences as follows: (1) Banking license / NBFI licence (2) Business operating permits
4.	Met the required minimum paid-up capital prescribed by the Bank of Ghana GHS 400 million for Universal Banks GHS 1 million for Rural and Community Banks GHS 2million for Microfinance Institutions GHS 15 million for Savings and Loans Companies
5.	Minimum Capital Adequacy Ratio of 10% or as prescribed by the Bank of Ghana
6.	At least 5% of portfolio in agriculture, agribusiness and/or renewable energy
7.	Rural presence served either through a physical branch network or a branchless mechanism.
8.	Operated in Ghana for at least 5 years
9.	Consecutively profitable for the last 3 years
10.	Non-performing loans not exceeding 15%
11.	Last 3 financial statements present a true and fair financial position of the institution and no post-audit material issues have taken place

Exemptions

An exemption may be granted on the profitability criteria based on strong justification(s) including the following

Positive EBITDA over the last two (2) financial years
The abatement of special events/occurrences/transactions/cost lines that have contributed adversely to the profitability of the institution
Signed agreements expected to contribute significantly to revenue growth and lead to profitability.