Ghana: Financial System Stability Assessment Update, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, and Securities Regulation

International Monetary Fund

No 2003/396, IMF Staff Country Reports from International Monetary Fund

Abstract: The main vulnerabilities in the financial sector can be found in the banking system and the social security fund (SSNIT). The Ghanaian financial sector is also confronted by a large number of development challenges. The factual updates of Ghana’s observance of the three international standards and codes illustrate the limited progress that has been achieved on the regulatory and supervisory front. IMF staff encouraged the authorities to pursue passage of the money laundering bill and seek technical assistance from the IMF to develop the essential infrastructure.

Keywords: ISCR; CR; bank; interest rate; securities; treasury bill; loan; banking system; credit risk; bank financing; on-balance sheet exposure; financial condition; deposit liability; debt management; bank supervisor; securities portfolio; world bank; prime rate; Loans; Commercial banks; Financial Sector Assessment Program; Government securities; Sub-Saharan Africa; Global; West Africa (search for similar items in EconPapers)
Pages: 27
Date: 2003-12-30
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