Ghana’s Central Bank proceeds in its push to clean the financial area. Outstandingly, among some undeniable approvals, it has completed has been the compulsory takeover of two private-claimed banks: Capital bank and UT bank back by the express own Ghana Commercial Bank under the approval of the Bank of Ghana in 2017. Different exercises have been done by Ghana’s Central Bank yet, the segment despite everything needs some security. Right now, Ghana’s financial area is temperamental however its possibility glances great, not long from now should significant guidelines and exercises are done by the Central bank.
The division despite everything nursing it wounds over a year ago authorizes on the 2 banks, one more bank has encountered the national bank direct endorses, along these lines, Unibank, (It was declared the sixth-best performing organization in Ghana at the Ghana Club 100 honors in 2017). As of now, the nation’s Central Bank has reported that as of twentieth, March 2017, it has commanded and approved the Management of Unibank, ( exclusive bank) to be broken down and taken over by KPMG. Strangely!
Presently, the Bank of Ghana needs some housekeeping. It is entirely inadmissible to manage over an area from which a player is decreed sixth-best just for it to be said to have been retaining some significant information. The Central Bank, in any case, has its barrier for the activity against Unibank that the bank has industriously kept up capital sufficiency level proportion near zero which pleasantly could mean Unibank is wiped out. Reports from the Central bank expressed that it coordinated Unibank to stop from conceding any extra new credits to clients, in any case, the Bank neglected to conform to the order and kept allowing new advances. Likewise, Unibank was coordinated to cease from acquiring any extra capital consumptions which they (Unibank) didn’t stick to along these lines, penetrating area 105 of Act 930.
Unibank has been an imaginative bank on the off chance that one ought to watch their financial exercises throughout the years from a separation, all things considered, the Central bank and KPMG manual for the bank ought to be one that won’t disintegrate their positive representative client culture which is promptly observed to be “vibrating” among their clients and bank. Unibank has some unwavering clients, with enormous numbers being dealers. Bank of Ghana, subsequently, should manage Unibank, mulling over the brand that exists and finding the conspicuous approaches to resuscitate the bank.
Having said this, the quantity of Universal banks is such a large number of for Ghana. The number ought to be topped as having near 40 banks for a populace of 26 million is a lot. What should be done is to construct the limit of existing banks to “branch out” to clients. This should be possible in two different ways: extending the physical foundation to arriving at nearer to clients and growing computerized (Online/Mobile banking) framework. Previously existing banks ought to be excited about improving their administration experience, drawing nearer to individuals, growing advanced methods for banking, and enhancing banking security.
Making it understood, be that as it may, I am not at all against the enlistment of banks my position is the direct inverse as I am not unaware of the significance of monetary administrations to people and the economy in general. My position will go to the inverse. My perspectives are that as opposed to enlisting new banks that with some of them work a couple of branches with no prevalent administrations or foundations, it is smarter to asset existing banks to improve their abilities.
At last, a portion of these money related foundations should consider consolidating ought to there be any chance of remaining beneficial in business and serving clients at gauges as the part turns out to be increasingly serious in the coming years and particularly since the base capital necessity has been expanded by the Central Bank to 400 million Ghana Cedis for banks, which will produce results from December 2018.