## 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, December 30, 2003_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2016/12/30/ghana-financial-system-stability-assessment-update-including-reports-on-the-observance-of-17098)

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## Bibliographic details
- Published: December 30, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451814903.002

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### Executive summary and main vulnerabilities
- The main vulnerabilities in the financial sector are found in the banking system and the social security fund (SSNIT).
- The Ghanaian financial sector faces a large number of development challenges.
- Factual updates of Ghana’s observance of three international standards and codes show limited progress 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.

### Findings on regulatory and supervisory framework
- Limited progress achieved on the regulatory and supervisory front based on factual updates of observance of international standards and codes.
- Areas of focus identified in subject keywords: Banking, Commercial banks, Financial institutions, Financial Sector Assessment Program, Financial sector policy and analysis, Government securities, Loans, Securities.
- Specific risk and technical terms preserved from source: 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.

### Policy recommendations and next steps (as stated)
- Passage of the money laundering bill.
- Request IMF technical assistance to develop essential financial infrastructure.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/ghana-financial-system-stability-assessment-update-including-reports-on-the-observance-of-17098_