The future of banks that are majority owned by domestic private interest in Ghana can be challenged in the not distant future due to the strict application of the Basel II and III standards. A research on local ownership of banks as against foreign ownership across Africa showed Cote D’Ivoire, Nigeria and South Africa as the only countries whose banks are owned by majority domestic investors. Côte d’Ivoire had 100% local ownership, 80% by Nigerians and 76% locals owned assets of banks in South Africa. In Ethiopia state owned banks predominate and in Mozambique, Republic of Congo foreign owned subsidiaries hold the most assets.