Answer to Question #254890 in Law for Bless

Question

The Banks and Specialised Deposit Taking Institution Act, 2016 (Act 930) affords the Regulator the opportunity to check the excesses that may be associated with banking and specialised deposit taking institutions that are granted banking licence. Examine 6 regulatory and supervisory role the Bank of Ghana plays in ensuring that there is sanity in the financial sector of Ghana. Discuss 6 reasons why banks fail in Ghana and proffer solutions to redeem the banking sector from these 6 cancerous roots in your opinion.

Answer 1

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