IMF Staff Country Reports

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

December 30, 2003

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International Monetary Fund. Monetary and Capital Markets Department "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", IMF Staff Country Reports 2003, 396 (2003), accessed November 21, 2024, https://doi.org/10.5089/9781451814903.002

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Summary

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.

Subject: Banking, Commercial banks, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Government securities, Loans, Securities

Keywords: Bank, Bank financing, Bank supervisor, Banking system, Commercial banks, CR, Credit risk, Debt management, Deposit liability, Financial condition, Financial Sector Assessment Program, Global, Government securities, Interest rate, ISCR, Loan, Loans, On-balance sheet exposure, Prime rate, Securities, Securities portfolio, Sub-Saharan Africa, Treasury bill, West Africa, World bank

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