Monrovia, April 24 -- The Central Bank of Liberia (CBL) has announced a significant policy shift aimed at reinforcing the country's banking sector, mandating an increase in the minimum capital requirement for commercial banks from US$10 million to US$15 million.

The directive, issued under the authority of the Executive Governor and backed by the Central Bank of Liberia Act of 1999 and the Bank-Financial Institutions and Bank-Financial Holding Companies Act of 2026, will take effect on December 31, 2026. It applies to both existing commercial banks and prospective entrants seeking licenses to operate in Liberia.

According to the CBL, the move is part of a broader strategy to enhance financial stability and ensure that banks operating wi...