The recent collapse of some banks and financial institutions and the merger of others in ghana is proof that the financial system which consists of institutional
units and markets that interact, typically in a complex manner, for the purpose
of mobilizing funds for investment and providing facilities, including payment
systems, for the financing of commercial activity remains unprotected in spite
of the the presence of the Regulator and a solid legal system backing it. From
the discussion in class and available literature, examine some of the difficulties
associated with the financial system and how these challenges have been
addressed by the Banks and Specialised Deposit Taking Institutions Act 2016
Examiner Derick Ohemeng-Mensah
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(Act 930). Are there any novel ways by which some of the challenges may be
resolved in your opinion? (50 Marks)