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Ghana: Financial System Stability Assessment Update

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  • 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).

Suggested Citation

  • International Monetary Fund, 2011. "Ghana: Financial System Stability Assessment Update," IMF Staff Country Reports 2011/131, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2011/131
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    Citations

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    Cited by:

    1. World Bank, 2011. "Ghana - Joint Review of Public Expenditure and Financial Management," World Bank Publications - Reports 2833, The World Bank Group.
    2. Julius Yaw Asamoah & Linda Owusu-Agyei, 2020. "The Impact of ICT on Financial Sector Policy Reforms in Post-Financial crisis era in Ghana: An institutional theory perspective," International Journal of Finance & Banking Studies, Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 82-100, April.
    3. Nicholas Awuse & Patrick Tandoh-Offin, 2014. "A Quantitative and Theoretical Analysis of Ghana's Internal Migration, Economic Growth and poverty Reduction: A Disaggregated Approach, from 1980 to 2012," Business and Economic Research, Macrothink Institute, vol. 4(1), pages 14-22, June.
    4. International Monetary Fund, 2013. "Ghana: 2013 Article IV Consultation," IMF Staff Country Reports 2013/187, International Monetary Fund.
    5. Alhassan, Abdul Latif & Owusu Brobbey, Freeman & Effah Asamoah, Michael, 2013. "Does Asset Quality Persist on Bank Lending Behaviour? Empirical Evidence from Ghana," MPRA Paper 48177, University Library of Munich, Germany.
    6. Mr. Arto Kovanen, 2011. "Monetary Policy Transmission in Ghana: Does the Interest Rate Channel Work?," IMF Working Papers 2011/275, International Monetary Fund.

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