Ghana : Financial System Stability Assessment Update.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Monetary and Capital Markets Department.

Series:

IMF Staff Country Reports; Country Report ; No. 2011/131

IMF Staff Country Reports

Language:

English

Subjects (All):

Finance--Ghana.

Finance.

Financial institutions--Ghana.

Financial institutions.

Ghana--Economic conditions.

Ghana.

Physical Description:

1 online resource (55 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Language Note:

English

Summary:

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).

Contents:

Cover; Contents; Glossary; Executive Summary; Box; 1. Summary of Main Recommendations; I. Background; A. Financial System Structure and Vulnerabilities; Tables; 1. Structure of the Financial System, 2000-10; Figures; 1. Banking System Structure and Trends, 2000-10; 2. Bank Balance Sheet and Income Structure, 2010; B. The Macroeconomic Environment and Risks; 3. Selected Economic Indicators, 2004-10; II. Overall Banking System Stability; A. Banking System Soundness and Resilience; 2. Financial Soundness Indicators, 2003-10; 4. Comparative Structural and Financial Indicators

3. Selected Stress Test ResultsB. The Regulatory and Supervisory Framework; C. Systemic Liquidity Management and Financial Markets; D. Financial Safety Nets and Crisis Preparedness; III. Cross-Cutting Issues; A. The Social Security National Investment Trust Dominance in the Financial Sector; B. Anti-Money Laundering and Combating Financing of Terrorism; IV. Structural and Developmental Challenges; A. Long-Term Finance; 5. Structure and Performance of Capital Markets, 2003-10; B. Access to Financial Services; V. Financial System Infrastructure; A. Payments Systems and Securities Settlement

B. Insolvency and Creditor RightsC. Auditing and Accounting; Appendices; I. Detailed Recommendations; II. Implementation Status of 2003 FSAP Recommendations; III. Risk Assessment Matrix; IV. Stress Testing Methodology and Scenarios; Appendix Tables; 4. Single Factor Shocks and Macro Scenarios; V. Financial Sector Reforms Since 2003; VI. Basel Core Principles Assessment-Summary; 5. Action Plan to Improve Compliance of the Basel Core Principles

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF title page (ebrary, viewed September 23, 2014).

ISBN:

9786613870698

9781462310258

1462310257

9781462363735

1462363733

9781283558242

1283558246

9781455279548

1455279544