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All banks in Ghana were able to beat the December 31, 2012 deadline of the GH�60 million minimum capital requirement set by the central bank. This has pushed total banking industry assets to GH�27.2 billion at the end of 2012, making it what the Bank of Ghana describes as �profitable� and �solvent�. �By the end of 2012, all banks had met the GH�60 million revised minimum capital requirement,� Dr Kofi Wampah, acting governor of the BoG, disclosed during a press briefing in Accra mid-February 2013. According to Dr Wampah who is also chair of the Bank�s Monetary Policy Committee, all the financial sector soundness indicators measured by earnings, liquidity and capital adequacy recorded some growth. �Industry capital adequacy ratio (CAR) trended up from June 2012 as banks worked towards meeting the minimum capital requirement,� he said. Dr Wampah indicated that by end of 2012, the industry CAR was 18.6%, up from 17.4% in 2011. The banks� total assets in 2011 was GH�22.1 billion, growth mainly due to high deposit, according to the central bank.