IMF Staff Country Reports

Ghana: Financial System Stability Assessment Update

June 14, 2011

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International Monetary Fund. Monetary and Capital Markets Department "Ghana: Financial System Stability Assessment Update", IMF Staff Country Reports 2011, 131 (2011), accessed November 21, 2024, https://0-doi-org.library.svsu.edu/10.5089/9781455282579.002

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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).

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

Keywords: Africa, Asset, Asset quality, Bank, Bank assets, Bank soundness, Branch network, Capital adequacy requirements, Commercial banks, CR, Credit risk, Credit risk, Debt market, Exchange rate, Funding cost, Global, ISCR, Liquid asset, Liquidity, Nonperforming loans, Parent bank, Sub-Saharan Africa, Venture capital

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