Bank failures in Ghana are fueled by a lack of efficient management, poor credit management, undercapitalization, lack of corporate governance, regulatory problems at the Central Bank, ill-established loans, and inefficient licensing process.
Due to these problems, the country's banks fail to establish an efficient corporate sector and are always on the brink of collapse.
Some solutions that can be taken are:
With this, we can say that a major reform in the banking sector in Ghana will be necessary so that the problems in this sector are ended.
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