Download or read book Impact of Policy Reforms on Financial Intermediation in Ghana written by Musah Habib Saani and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Sector Reforms and Bank Performance in Ghana written by T. O. Antwi-Asare and published by . This book was released on 2000 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Impact of Financial Sector Policies on Banking in Ghana written by Martin Brownbridge and published by . This book was released on 1996 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana has implemented a financial sector reform programme since the late 1980s. The banking system had suffered severe shallowing together with widespread bank distress as a consequence of the pre-reform policies of financial repression, government control of banks and the prolonged economic crisis. The financial sector reforms included the liberalisation of allocative controls on banks, restructuring of insolvent banks and reforms to prudential regulation and supervision. This paper examines why the banking system in Ghana was in need of reform in the 1980s and evaluates the impact of the financial sector reforms. The conclusion reached is that while the reforms have brought about improvements in the banking system - banks are now more prudently managed and supervised - major constraints to efficient financial intermediation remain, not least macroeconomic instability and the still very shallow nature of financial markets.
Download or read book Financial Sector Reform Policies and Poverty Reduction written by Nii Kwaku Sowa and published by . This book was released on 2003 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Reforms in Ghana written by Ernest Aryeetey and published by Africa World Press. This book was released on 2000 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reviews the performance of the Ghanaian economy for the period 1983 to 1991, aimed at assessing the impact of structural adjustment policies in different areas of the economy.
Download or read book Monetary Policy and Financial Sector Reform in Africa written by Mahamudu Bawumia and published by Booklocker.com. This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a chronological account of monetary policy and financial sector reform in Ghana since independence, in the context of developments in the global economy. What informed the choices of the different monetary policy regimes and reforms? What was the impact of the different monetary regimes and financial sector reforms on the performance of Ghana's economy? The book examines these issues and draws lessons on the way forward for Ghana and other African countries.
Download or read book Financial Sector Reforms in Adjustment Programs written by Alan H. Gelb and published by . This book was released on 1989 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reform programs call for more prudential supervision of financial institutions but fewer restrictions on interest rates, the direction of credit, and financial innovation generally. The planning of financial reform must be predicated on an appropriate macroeconomic framework, without which reform efforts can result in costly failure.
Download or read book Ghana s Adjustment Experience written by Eboe Hutchful and published by Heinemann Educational Books. This book was released on 2002 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: How did the Ghanaian state, after flirtation with structuralist theories and state intervention in the early 1960s, followed by persistent resistance to fiscal correction and a long economic slide in the 1970s and early 1980s, turn the economy around? How did it manage to implement relatively rigorous "neoliberal reforms" in the mid-1980s and early 1990s? And why, after the "economic miracle" of the 1980s, has reform increasingly run aground in recent years? As Hutchful argues, the Ghanaian adjustment strategy is deeply flawed, unsustainable and subject to recurring revisions by international financial institutions such as the World Bank or the International Monetary Fund. The Ghana case has focused many of the controversies of adjustment in Africa. As such, Hutchful's book marks a significant contribution to the literature on the role the state plays in impeding or encouraging economic and political development.
Download or read book Ghana s Development Finance Institutions written by World Bank Group and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study reviews the approach to development finance adopted by Ghana and takes stock of the current situation of development finance institutions (DFIs). The study then articulates a set of key principles relevant to Ghana reflecting international experience. The intention is to provide the basis for dialogue on new approaches to making Ghana's policies and institutions more consistent with good practices in development finance. The study does not venture into detailed assessment of particular institutions due to the unavailability of required data for such an assessment. The paper primarily focuses on DFIs targeted toward the priority areas of micro, small and medium enterprises (MSMEs) and non-traditional exports, which are relevant for access to finance and the financial inclusion agenda. Particular attention is paid to their targeting, cost-effectiveness, market distortions, and governance. A review of international experience with DFIs finds that cost-effectiveness tends to be greatest and market distortions lowest when development finance is provided on a wholesale basis through commercial financial institutions that bear the risk and are empowered to make loan decisions, based on well-defined and targeted eligibility criteria. Direct intervention by government in allocation and in setting interest rates tends to undermine sustainability, impact, and willingness of beneficiaries to repay funds that they perceive as politically motivated. Ghana's approach to development was state-led in the post-Independence period through the mid-1960s, and highly interventionist during the 1970s and early 1980s, after a brief period of stabilization. Controls were gradually removed in the late 1980s, and financial policies were liberalized. During the period 1985-2006, the government and the Bank of Ghana (BoG) established a number of institutions to promote and finance MSMEs and exports, especially in agricultural value chains. While the majority operate through private financial institutions, some of these institutions provide finance directly, increasing the cost and risks and reducing effectiveness. Although some of these institutions managed or benefited from donor-supported government projects in the past, little such funding remains available, especially for MSMEs, resulting in low cost-effectiveness and sustainability for some DFIs. Several institutions have come to depend largely on funds from the Export Trade, Agricultural and Industrial Development Fund (EDAIF), which is funded through a levy on imports. However, an interest rate cap of 12.5 percent is imposed on funding provided by EDAIF, which is well below market rates and tends to result in rent-seeking, long delays while applications are vetted, and lack of interest by commercial financial institutions whose earnings are constrained by the interest rate cap.
Download or read book The Impact of Financial Liberalization on Private Investment in Ghana written by Eric Asare and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Ghana's financial sector policies have largely been influenced by changes in global economic thoughts. Prior to the 1980s when it was fashionable in the development literature to advocate for interventionist policies, the country's financial system was heavily regulated beyond the mere enforcement of contracts and fraud preventions. Later in the 1980s when the new orthodox became the order of the day, the country once again began a major policy experiment with these policies. The objective of this study is to examine the effects of the financial sector reforms on private investment in Ghana. To achieve this, a simple econometric model was developed and estimated using data from 1980-2007. It came out from the study that private investment responded marginally to the financial liberalization policies in Ghana. The general conclusion of the study is that financial liberalization will not have favorable effects on private investment unless foreign and unproductive assets such as cash and gold are channeled to the banking sector in developing countries.
Download or read book The Formal Financial Sector in Ghana After the Reforms written by Ernest Aryeetey and published by . This book was released on 1996 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Reforms in Sudan written by Alexei Kireyev and published by . This book was released on 2006 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper reviews the experience of financial reforms in Sudan with a view to assessing their macroeconomic impact and to shedding light on the question why such reforms have not yet brought about visible improvements in financial intermediation. The paper concludes that regardless of the progress achieved in recent years, deficiencies in the reform design, institutional weaknesses, shallow financial markets, shortcomings of the Islamic mode of finance, and strong seasonality remain key factors that constrain financial intermediation. Additional efforts, in particular in bank restructuring, credit instrument design, monetary policy management, and prudential regulation are needed to address the systemic problems of the financial sector and to make it capable of supporting private sector growth.
Download or read book Fiscal Policy and Long Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.
Download or read book Banking Efficiency and Financial Development in Sub Saharan Africa written by Sandrine Kablan and published by International Monetary Fund. This book was released on 2010-06-01 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study assesses the determinants of banking system efficiency in sub-Saharan Africa (SSA) and asks what, besides the degree of efficiency, explains the low level of financial development in the region. It uses stochastic frontier analysis to measure efficiency and a generalized method of moments system to explain financial development. SSA banks are found to be generally cost-efficient, but nonperforming loans undermine efficiency, which suggests that improvement in the regulatory and credit environments should improve efficiency. The political and the economic environment have held back financial development in SSA.
Download or read book Structural Reforms and Economic Performance in Advanced and Developing Countries written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2009-10-15 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines the impact on economic performance of structural policies-policies that increase the role of market forces and competition in the economy, while maintaining appropriate regulatory frameworks. The results reflect a new dataset covering reforms of domestic product markets, international trade, the domestic financial sector, and the external capital account, in 91 developed and developing countries. Among the key results of this study, the authors find that real and financial reforms (and, in particular, domestic financial liberalization, trade liberalization, and agricultural liberalization) boost income growth. However, growth effects differ significantly across alternative reform sequencing strategies: a trade-before-capital-account strategy achieves better outcomes than the reverse, or even than a "big bang"; also, liberalizing the domestic financial sector together with the external capital account is growth-enhancing, provided the economy is relatively open to international trade. Finally, relatively liberalized domestic financial sectors enhance the economy's resilience, reducing output costs from adverse terms-of-trade and interest-rate shocks; increased credit availability is one of the key mechanisms.
Download or read book Microfinance Handbook written by Joanna Ledgerwood and published by World Bank Publications. This book was released on 1998-12-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of the 'Microfinance Handbook' is to bring together in a single source guiding principles and tools that will promote sustainable microfinance and create viable institutions.
Download or read book The Economy of Ghana written by Ernest Aryeetey and published by . This book was released on 2008 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: As Ghana enters its second half-century, there is a perception of the failure of the economic and political system. This book analyses the reasons for this failure and sets out an agenda as the basis of the course that the nations' policy makers have to steer if Ghana is to fulfil the promise of its independence in 1957.
