IMF Staff Country Reports

Ghana: Financial System Stability Assessment Update

Publication Date:

June 14, 2011

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Since the 2003 Financial Stability Assessment Program (FSAP) update, Ghana’s financial system has undergone rapid growth and structural transformation. The authorities have been implementing reforms to enhance the financial system’s resilience to shocks and its contribution to growth. The vulnerabilities reflect the interplay of several factors, but state involvement is an important element. The other contributory factors include deficiencies in commercial banks’ risk management, supervision, and the insolvency regime. Additional recommendations are detailed in the Report on the Standards and Codes on Compliance (ROSC) with the Basel Core Principles (BCP).

Series:

Country Report No. 2011/131

Subject:

Bank soundness Banking Capital adequacy requirements Commercial banks Credit risk Financial institutions Financial regulation and supervision Financial sector policy and analysis Nonperforming loans