Ghana: Financial System Stability Assessment Update

International Monetary Fund

No 2011/131, IMF Staff Country Reports from International Monetary Fund

Abstract: 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).

Keywords: ISCR; CR; bank; asset; asset quality; liquidity; bank assets; exchange rate; credit risk; liquid asset; parent bank; venture capital; funding cost; debt market; branch network; Commercial banks; Nonperforming loans; Bank soundness; Capital adequacy requirements; Credit risk; Sub-Saharan Africa; Africa; Global (search for similar items in EconPapers)
Pages: 54
Date: 2011-06-14
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Citations: View citations in EconPapers (7)

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