Improving regulation to unlock full potential of banking

Banking in Ghana has gone through many faces and major reforms, all in an attempt to make it useful to serve the needs of the country and the economy better.

For instance, a study titled ‘Financial Sector Reforms and Bank Performance in Ghana’ and authored by T.O. Antwi-Asare and E.K,Y. Addison in 2000 indicated that the financial sector reforms influenced bank performance in Ghana. 

By common consent, Ghana's banking sector had performed poorly in the past, but from the late 1980s, various reforms had been introduced which were intended to strengthen the sector. 

The study further revealed that the financial sector reforms largely succeeded in terms of enhancing financial development and the expansion in size and diversity of the banking sector.