Strengthening Ghana's Financial Market PDF Download

Author: Ernest Aryeetey
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 76

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Author: James Atta Peprah
Publisher: Springer Nature
ISBN: 3031093453
Category : Business & Economics
Languages : en
Pages : 321

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This book investigates factors that contribute to the development of an efficient financial sector in Ghana. While sustainable finance has long been known to propel economic growth and development, and while many African countries have taken initiatives to develop integrated frameworks of their financial sectors that tackle developmental challenges, scholars and policymakers have always grappled with understanding of factors that enhance performance of the financial sector. In this book, an expert team of authors examines the financial landscape, central bank policies, competition, financial innovation, financial inclusion and banking stability in Ghana, while also exploring how financing models such as enterprise finance and microfinance can be more effective in sustaining financial markets. The authors discuss how Ghana can build fortified institutions, regulatory frameworks, and productive capacity to strengthen the financial sector and foster pathways that will enhance economic development. Empirical and scientific evidence give this book a unique approach that is both qualitative and quantitative.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 145528257X
Category : Business & Economics
Languages : en
Pages : 54

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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).

Author: Ernest Aryeetey
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 50

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Constitutes part of an on-going attempt to move studies of informal financial markets from the purely descriptive realm to one of conceptualizing observed relationships based on earler descriptions of the financial system. Data includes information collected in 1989 on the financing of trading activities of 1,000 market women in Accra, Kumasi and Takoradi and are supplemented with data obtained through interviews with 100 small entrepreneurs at Koforidua, Nsawam, Nkawkaw and Asamankese (medium-sized towns in the Eastern Region of Ghana). Additional data were obtained from interviews conducted in January 1991 and completed questionnaires from 151 susu collectors, as well as information from various commercial banks on the balances of susu collectors.

Author: George Owusu-Antwi
Publisher:
ISBN:
Category :
Languages : en
Pages : 396

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A major financial sector reform program has been implemented in Ghana since the early 1980s, involving financial liberalization and institutional reforms. Financial reforms became necessary, because the pre-reform policies together with acute and prolonged economic crisis had severely damaged the financial system. In the early 1990s, the government launched financial market liberalization policies under the financial sector adjustment program to restructure the distressed banks and clean up nonperforming assets in order to restore banks to profitability and viability. The study investigated the market structure of Ghana's banking industry and determined whether the market structure has been changed after the financial restructuring. This study specifically measures the degree of competition of the banking system in Ghana by using the H-statistic. Various studies on the degree of competition were reviewed. This study employs a widely used nonstructural methodology put forward by Panzar and Rosse (1987)---the H-statistic---and draws upon comprehensive average annual data from the various issues of the Bank of Ghana annual reports from 1988 to 2008. Maximum likelihood techniques were used to estimate the model. Based on the reported H-statistic for pre and postliberalization (2.35657 and 3.27530 respectively), it can be concluded that Ghana's banks are operating under perfect competition. However, the test for a change in competition status at the time of liberalization was not significant, indicating no evidence of a change in competition as a result of liberalization. The result of the market equilibrium reveals that the market equilibrium equals zero, revealing the existence of long-run equilibrium making the Panzar and Rosse model meaningful to interpret. The findings are consistent with the results obtained by Yuan (2006) who found Chinese banking market to be near perfect competition. This study has extended and strengthened some earlier results on bank competition in Ghana. However, the results of this study are different from the study undertaken by Buchs and Mathisen (2005), who found Ghanaian banking markets to operate under monopolistic conditions without considering the effect of liberalization. Three innovations of the current study are the use of comprehensive data source, the consideration of longer period of time covering two decades (1988--2008) and the incorporation of liberalization factors. Overall, the Panzar and Rosse model is regarded as a valuable tool for assessing the banking market conditions in Ghana. Since a bank's revenue is more likely to be observable than output prices and quantities or actual costs.

Author: Alexander Ayertey Odonkor
Publisher:
ISBN: 9783668431126
Category :
Languages : en
Pages : 50

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Bachelor Thesis from the year 2017 in the subject Business economics - Accounting and Taxes, grade: 2.1, language: English, abstract: The purpose of the study was to determine the impact of human capital on economic growth in Ghana. The study employs secondary data extracted mainly from economic data from Ghana Statistical Service, World Bank, Journals of Economic Studies and Bank of Ghana Research Unit and website spanning from 1970 to 2010. The research design was modelled after what has been commonly employed in the existing literature in determining the impact of human capital on economic growth in Ghana. The study applied ordinary least squares regression (OLS) to estimate the models and perform data analysis. The results of the study show the impact of human capital on economic growth within a forty year period. On the basis of the economic apriori expectation and regression result, it was discovered that the impact of human capital on economic growth in Ghana is positively related. The study concludes that improved human capital leads to economic growth.

Author: T. O. Antwi-Asare
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 136

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Author: World Bank Group
Publisher: World Bank Publications
ISBN: 1464806721
Category : Business & Economics
Languages : en
Pages : 359

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Book Description
Digital technologies are spreading rapidly, but digital dividends--the broader benefits of faster growth, more jobs, and better services--are not. If more than 40 percent of adults in East Africa pay their utility bills using a mobile phone, why can’t others around the world do the same? If 8 million entrepreneurs in China--one third of them women--can use an e-commerce platform to export goods to 120 countries, why can’t entrepreneurs elsewhere achieve the same global reach? And if India can provide unique digital identification to 1 billion people in five years, and thereby reduce corruption by billions of dollars, why can’t other countries replicate its success? Indeed, what’s holding back countries from realizing the profound and transformational effects that digital technologies are supposed to deliver? Two main reasons. First, nearly 60 percent of the world’s population are still offline and can’t participate in the digital economy in any meaningful way. Second, and more important, the benefits of digital technologies can be offset by growing risks. Startups can disrupt incumbents, but not when vested interests and regulatory uncertainty obstruct competition and the entry of new firms. Employment opportunities may be greater, but not when the labor market is polarized. The internet can be a platform for universal empowerment, but not when it becomes a tool for state control and elite capture. The World Development Report 2016 shows that while the digital revolution has forged ahead, its 'analog complements'--the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new economy, and the institutions that are accountable to citizens--have not kept pace. And when these analog complements to digital investments are absent, the development impact can be disappointing. What, then, should countries do? They should formulate digital development strategies that are much broader than current information and communication technology (ICT) strategies. They should create a policy and institutional environment for technology that fosters the greatest benefits. In short, they need to build a strong analog foundation to deliver digital dividends to everyone, everywhere.

Author: George Schieber
Publisher: World Bank Publications
ISBN: 082139567X
Category : Medical
Languages : en
Pages : 196

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This volume analyzes Ghana s National Health Insurance Scheme and highlights the range of policy options needed to assure its financially sustainable transition to universal coverage.

Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35

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This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.