The Impact of Financial Sector Policies (Financial Sector Strategic Plan Finssp - on Banking Efficiency in Ghana. (2001-2008)

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TOPIC: THE IMPACT OF FINANCIAL SECTOR POLICIES (FINANCIAL SECTOR STRATEGIC PLAN FINSSP - ON BANKING EFFICIENCY IN GHANA. (2001-2008)

TABLE OF CONTENTS
Chapter One: Introduction /Problem Statement
1.1Introduction of Subject Matter…………………………….. ………….. 5-8 1.2Project Overview and Objectives ……………………………………… 9-11 Chapter Two: Review of Related Literature
2.1 Overview…………. ……………………………………………………12-12 2.2 History and Characteristics of Ghanaian Fin Sector....………………….12-16 2.3 Structural Adjustment Program …………………………......................16-16 2.4 Financial Sector Adjustment Program…………………......................... 17-21 2.5 Financial Sector Strategic Plan………………………………………….21-23 Chapter Three: Methodology and Theoretical Framework

3.0 Overview ………………………………………………………………. 24-24 3.1 Methodology…………………………………………………………….25-26 3.2 Review of Existing Theories…………………………………………….26-29 3.3 Measurement of Banking Efficiency…………………………………....29-32 Chapter Four: Vision of Financial Sector Strategic Plan

4.0 Background ……………………………………………………………..33-33 4.1 Objectives……………………………………………………….............33-34

Chapter Five: Environmental Analysis
5.1 Background ……………………………………………… ……………. .35-35 5.2 Political Environment ………………………………………………........35-36 5.3 Economic Environment …………………………………. ……………...36-37 5.4 Industry Analysis…………………………………………………............37-41 5.5 Schedule of Economic Indicators………………………………………....41-42 Chapter Six: Threats and Critical Success Factors to the Implementation Financial sector strategic plan

6.0 Background…………………………………………………………. ….....43-43 6.1 Threats to Successful Implementation……………………………………..43-45 6.2 Key Success Factors………………………………………………………..45-49 Chapter Seven: Identification of Central Managerial Issue

7.0 Background………………………………………………………………..50-50 7.1 Measuring Efficiency Gains…………………………………………….....50-62 7.2 Financial Deepening……………………………………………….............63-63 7.3 The Survey Results………………………………………………………...63-67

Chapter Eight: Alternative Courses of Action and Recommendations 8.1 Specific Impact of Banking on Reforms………………………………….68-70 8.2 Recommendations…...................................................................................71-74 Chapter Nine: Implementation of Recommendations

9.0 Background…………………………………………………………….....75-76 9.1 Implementation Plan……………………………………………………...76-78 Appendix
Appendix …………………………………………………….........................79-85 References ………………………………………………………… … …….85-87

CHAPTER ONE

INTRODUCTION

1.1Introduction of Subject Matter/Problem Statement
The liberalization of financial markets and the promotion of financial efficiency has been long recognized by Policy Makers and economic gurus such as Cho Yoon Je(2002) and Mahamadu Bahumia (2010).

They postulate that an increase in holding financial assets (financial deepening) by the public promotes savings mobilizations which leads to higher levels of savings, investments, production, growth and poverty alleviation. However, financial markets intervention by governments in developing countries sometimes constraints the potential of financial market in mobilizing savings for growth and development.Ghana has implemented a number of financial sector reform programmes since its Independence. This can be seen from Nkrumah’s era of direct controls through to the era of indirect monetary policy instruments in the late seventies and the early eighties.

However, the late eighties saw the implementation of a more robust reform program named the ‘The Financial Sector Reform Program “(FINSAP),which was part of a comprehensive macroeconomic adjustmentprogram with the support of the International Monetary Fund and the World Bank.The...
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