Financial Sector Regulatory and Supervisory Framework in Ghana

Description

Financial crises have been part of the world’s economy for centuries with Ghana not been an exception. Financial and banking crises are understood to occur as a result of negligence on part of financial supervisors and authorities or loopholes in financial regulations. The distress experienced by the banking Industry of Ghana in 2017 created a huge financial and economic consequences to the country. Thus, given the background that Ghana just recovered from its banking crisis, this book was written as an investigation into Ghana’s financial regulation pre and post 2017 banking crisis. The book reveals the challenges and weaknesses of the sector prior to the crisis and also assesses the progress of the current regulatory compliance of the banking institutions in Ghana, with its implications for growth. All 23 licensed banks in Ghana were used for this study and 5 high ranking officials in the Banking and Financial Industry chosen for interview. This book ends with a constructive recommendation to the Bank of Ghana and all financial Institutions in the country as well as a scope for further analyses.