In 2018/2019 the banking sector in Ghana went through a financial crisis. The intensity of the crisis compelled the Bank of Ghana to come out with a bail out strategy to salvage the situation. Critically examine the causes and effects of the financial crisis that hit the banking sector, stating specifically the financial institutions that were involved and what has been done so far to control the crisis in the banking sector of Ghana. What recommendations would you give to prevent future occurrence of such a crisis?
Answers
The financial crisis that hit the banking sector in Ghana in 2018/2019 was a significant event that had severe consequences for the country's financial stability. Several causes contributed to the crisis, including weak corporate governance, poor risk management practices, inadequate regulatory oversight, and unethical conduct by some financial institutions.
Here's a critical examination of the causes and effects of the financial crisis that hit the banking sector, stating specifically the financial institutions that were involved and what has been done so far to control the crisis in the banking sector of Ghana:
The cause of the financial crisis in the Ghanaian banking sector included unethical banking practices, poor supervision, and regulation of banks, poor corporate governance, high levels of non-performing loans, and inadequate capitalization of banks, among others. In addition to the above factors, some banks were involved in unethical transactions, some were mismanaged, and some were involved in dubious and fraudulent activities. Notable financial institutions that were involved in the crisis include Capital Bank, UT Bank, and UniBank.
Aside from the above-mentioned banks, several other banks were affected by the crisis, which resulted in the loss of jobs and the loss of confidence in the banking sector. As a result, the Bank of Ghana intervened by revoking the licenses of the affected banks and coming out with a bailout strategy to help stabilize the situation.
The Bank of Ghana revoked the licenses of the banks involved in the crisis and appointed receivers to take over their assets and liabilities. This was to ensure that depositors' funds were protected and to also prevent the banks from further engaging in any fraudulent activities. The government also provided financial support to the affected banks to prevent further job losses.
Recommendations to prevent future occurrence of such a crisis includes the following:
1. Improve corporate governance
2. Strengthen supervision and regulation of banks
3. Develop a risk-based supervision framework
4. Improve capitalization of banks
5. Strengthen the legal framework to enable the Bank of Ghana to effectively supervise and regulate banks.
To learn more about financial crisis: https://brainly.com/question/25664180
#SPJ11
Related Questions
Your sister asks for your recommendation based on your calculations. What is your recommendation and why?
Answers
If your sister asks for your recommendation based on your calculations, your recommendation will be based on relevant user usage suggestions.
Recommendation systemLet's say your sister asks for a movie recommendation, and you use the recommendation system where information is filtered, that is, if you use a streaming platform to watch your movies, the recommendation will be based on your previous choices.
So if you want to recommend a movie for your sister to watch, based on your calculations, you will likely recommend a movie based on your own rating and preference.
A recommender system is then a strategy for filtering data by learning data that generate patterns established by users, being collected implicitly and explicitly.
Find out more information about recommendation system here:
https://brainly.com/question/10043488
While writing a formula, what are some ways to insert a cell reference into the formula? Check all that apply
hovering the mouse pointer over the cell to reference
typing the cell name, such as "B4
clicking the cell to reference
Zooming in on the cell to reference
Edge answer
Answers
Answer: B and C are correct
Explanation:
Just did the assignment
Answer:
B. typing the cell name, such as “B4”
C. clicking the cell to reference
Explanation:
gang gang edge 2020
Posted this question already and no response.
Answers
Answer: A medium of exchange
Explanation:
importance of business
Answers
Answer:Business is an organization which involves the of goods and services. Every day thousands of people start their own business.To be successful in business one should have special character traits,for example, to be hard-working, clever,energetic and even adventurous.
Explanation:
the element of fraud which is easiest for companies to eliminate is:______--
Answers
The element of fraud which is easiest for companies to eliminate is the opportunity
Fraud is the deliberate misrepresenting of a fact that is done in order to obtain an illegal or unfair advantage. Even if it hasn't resulted in a loss of money, property, or legal rights, fraud can be regarded as a component of both criminal and civil wrong. A firm's internal controls or procedures may be inadequate or vulnerable, which presents an opportunity for fraud.
It can be a difficult and continuing process to find and fix these flaws, one that needs constant evaluation. The part of the triangle that business owners can probably influence the most easily is opportunity. No matter how angry or desperate staff members are, they can only engage in fraud if given the chance to do so. Therefore, implementing and enforcing effective internal controls is one strategy to manage opportunity.
Read more about fraud on:
https://brainly.com/question/14815861
#SPJ4
which one of the following schedules of reinforcement is likely to produce responses at a steady but modest rate?1) fixed interval2) fixed ratio3) variable ratio4) variable interval
Answers
The correct answer is variable interval. It provides reinforcement after random time intervals. This enforces persistence in the behaviour over a long period of time.
What is variable interval?In operant conditioning, variable-interval schedules are reinforcement schedules in which responses are rewarded after an unpredictable period of time, which is the opposite of fixed-interval schedules.
This schedule provides a slow and steady response speed.As you probably remember, operant conditioning can use reinforcement and punishment to reinforce or weaken behavior.
This learning process involves forming associations between actions and the consequences of those actions.Psychologist B.F. Skinner is credited with introducing the concept of operant conditioning.
He observed that reinforcement can be used to strengthen behavior and punishment can be used to weaken behavior.
He also found that the speed at which a behavior was reinforced affected both the strength and frequency of the response.
Schedule refers to the delivery rate of reinforcement, or the frequency with which reinforcement is given. Variables indicate that this timing is not consistent and may vary from trial to trial.
Finally, interval means that the delivery is timed. A variable interval schedule therefore means that reinforcement is delivered at different and unpredictable time intervals
To know more about Variable-interval schedules, visit:-
https://brainly.com/question/12282349
#SPJ1
your asset allocation decision should not consider: group of answer choices your stage in life your degree of risk tolerance your expectations of economic conditions past economic conditions
Answers
Your asset allocation decision should not consider past economic conditions.
Asset allocation refers to the process of dividing an investment portfolio among different asset categories, such as stocks, bonds, and cash. The decision on how to allocate your assets should be based on your stage in life, degree of risk tolerance, and expectations of economic conditions.
Past economic conditions should not be a primary consideration, as they may not accurately reflect future economic conditions and market performance. It is important to focus on your current financial situation and future goals when making asset allocation decisions.
To know more about asset, here
https://brainly.com/question/14826727
#SPJ4
If Ryan purchases a sandwich, he is using money as:
A. a medium of exchange
B. A unit of measure
C. A store of value
Answers
Answer:
a. a medium of exchange
Explanation:
i took the test
If Ryan purchases a sandwich, he is using money as a medium of exchange. Thus, the correct answer is option A.
What is money?Money is any item or verifiable record that is widely accepted in a particular country or socioeconomic context as payment for goods and services and repayment of debts, such as taxes. It is the medium in which prices and values are expressed.
The primary functions of money are- as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment.
Ryan is purchasing the sandwich with the help of money. Money is exchanged for the sandwich, acting as a medium of exchange.
Therefore, Ryan is using money as a medium of exchange.
To learn more about money, click here:
https://brainly.com/question/14253896
#SPJ2
when the money market is drawn with the value of money on the vertical axis, if the price level is above the equilibrium level, there is an
Answers
Answer:
There will be an increase in the price level.
Explanation:
Got it from study.com
Steven manages a team responsible for opening new restaurants of a large, fast-food chain. His team goal is to open eight restaurants in four months' time, and he's mapped out a plan for breaking this goal into actual tasks and projects. As Steven's mentor, what advice do you give him for managing obstacles that might disrupt his progress?
Answers
Answer:
divide all of the current obstacles by the level of urgency and take it one step at a time
Explanation:
When making any sort of plans there will always be unexpected obstacles that prevent/disrupt you from making progress. In these situations, the best advice would be to divide all of the current obstacles by the level of urgency and take it one step at a time. If you try to solve all the problems at once you will get overwhelmed and stressed out. Instead solve one at a time, focusing on the more urgent problems first.
ASAP Help meh!!TnT meh so dumb
In developed economies such as the United States, the (agriculture, consumer services, or industries) sector dominates the economy. Examples include legal firms, (hospitals, mining or manufacturing), and so on.
Answers
Answer: The economy of the United States is that of a highly developed country with a mixed economy. It is the world's largest economy by nominal GDP and net wealth and the second-largest by purchasing power parity (PPP).
Explanation:
When unemployment is lower overall nationwide, this means that, in general, employees have more what?
Select one:
a. fear
b. choices
c. legal issues
d. tax breaks
Answers
Answer:
b. choices
Explanation:
Low unemployment means a big percentage of the labor force is actively engaged in income-generating activities. Adults seeking employment can easily find work. A country experiences low unemployment when the economy is growing at a high rate. Different sectors of the economy create many job opportunities when the economy is growing.
When they are many job opportunities in the market, employees have options. They can switch jobs without much struggle. Employers are compelled to compensate workers well to retain them.
According to the video, what are some qualities Petroleum Engineers need? Check all that apply.
willingness to travel
confidence
public-speaking skills
willingness to work night shifts
problem-solving skills
patience
Answers
Answer:
156
Explanation:
The video explained the qualities that Petroleum Engineers needs which includes:
willingness to travelproblem-solving skillspatienceWho are the Petroleum Engineers?These are engineer that specializes in evaluation, development and production in the oil and gas sector.
This video in question stated that all Petroleum Engineers needs to be willingly to travel have problem-solving skills and be patient.
Therefore, the Option 1, 5 & 6 is correct.
Read more about Petroleum Engineers
brainly.com/question/23053217
#SPJ2
your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less than it used to be. explain what she means. try to use and explain terms like inflation and deflation in your answer
Answers
Back then. A dollar was worth WAYYYYY more than it is now. back then you could buy a lollipop for a like a penny. However as time went on we went through deflation and prices went down
Putting money into more than one kind of investment at a time is called liquidity. sunken cost. diversification. compound interest.
Answers
Answer:
diversification
Putting money into more than one kind of investment at a time is called diversification.
What is diversification?Diversification is the process of investing in diverse opportunities so as to reduce non-systemic risks. For example, if a person buys the stock of a health care company, in order to diversify, the person might invest in the stocks of an automobile company.
To learn more about diversification, please check: https://brainly.com/question/13162759
One of your customers, Margaret Port, has referred you to a friend who needs your Hercules Shelving for a storage warehouse. Port recently purchased your heavy-duty. 18-gauge steel shelving and is pleased with it. She said. "This will be an easy sale for you. My friend really needs shelving and I told him about yours." Port's information is correct and your presentation to her friend goes smoothly. The customer has asked numerous questions and seems ready to buy. Just before you ask for the order, the customer says. "Looks like your product is exactly what I need. I'd like to think this over. Could you call me next week? Which of the following would you do? Why? 4. Follow the suggestion and call next week 5. Go ahead and ask for the order c. Ask questions about the reason for the delay.
Answers
The most appropriate action in this situation would be option 3: Ask questions about the reason for the delay.
By asking questions about the reason for the delay, you can gain insights into the customer's hesitation or concerns. This information will help you address any potential objections or misunderstandings, and provide appropriate solutions or reassurances. It allows you to understand the customer's perspective and tailor your approach accordingly.
Some questions you could ask might include:
- "I'm glad to hear that our product meets your needs. Can you share what specifically you'd like to think over?"
- "Is there anything in particular that you need more information about or any concerns that I can address?"
- "What factors are important for you in making a decision about purchasing our shelving?"
These questions allow you to engage in a productive conversation with the customer, address any potential reservations, and potentially overcome any obstacles preventing them from making a purchase decision. It demonstrates your willingness to understand their needs and ensures that you have the opportunity to address any lingering doubts before asking for the order.
Learn more about customer service desk, visit:
brainly.com/question/14569242
#SPJ11
What could a data analyst do with the Lasso tool in Tableau 1 point?
Answers
Data analysts can use Tableau's lasso tool to select and highlight specific data points or sections of a chart. The lasso tool allows analysts to draw a free selection area around the data points they want to analyze.
This allows analysts to quickly identify trends and outliers in their data. The Lasso tool also allows users to filter the data so that only selected points are displayed on the graph. This can be useful for examining correlations and relationships between different variables in a data set. The Lasso tool can be used both for exploratory data analysis and for creating visualizations in Tableau.
To know more about data analytics click here
https://brainly.com/question/29109220
#SPJ4
What are the stages
of Busines activity??
Answers
Answer:
Business activity takes place at three stages of production: Primary activity involves extracting the gifts of nature (e.g. drilling oil from the ground); Secondary activity involves manufacturing finished goods (e.g. refining oil and gas); Tertiary activity involves providing services such as making finished goods
Answer:
Primary is the first stage, which involves extracting a raw material. The secondary sector is where the raw materials are manufactured into finished products. The final sector is tertiary where a service is provided for the customers.
hope this helps <3
T F Credit reports are issued monthly, so you know how much money topay toward your credit card bill.
Answers
Answer:
False
Explanation:
A financial statement can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Generally, financial statements are issued to recipients on a monthly basis.
A credit report can be defined as a financial document that comprises of detailed information about a person's credit history or activities with respect to borrowed money (loans). It is usually prepared by a credit bureau.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender.
In conclusion, credit reports are issued to a customer on request and at any given time, so he or she knows how much money to pay toward your credit card bill.
What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?
Answers
In 1995 the Republican National Committee (RNC) ran a newspaper ad featuring a photo of Haley Barbour, the chair of the RNC, holding an oversized check for $1 million, payable to "your name here." Below the picture was this message: "Heard the one about Republicans 'cutting Medicare? The fact is Republicans are increasing Medicare spending by more than half. I'm Haley Barbour, and I'm so sure of that fact I'm willing to give you this check for a million dollars if you can prove me wrong." The ad also stated that under the Republican plan, the government would increase Medicare spending over the next seven fiscal years, culminating in a 2002 expenditure 62 percent higher than that in 1995. At the bottom of the ad was a clip-out coupon inviting readers who disagreed to check a box labeled, "l don't believe you, Haley" and return it with their analysis of "why you are wrong" to the RNC. Approximately 80 people mailed in claims for the prize. The RNC sent a form letter to them rejecting the claim. When sued, the RNC said the ad was a parody and not a legitimate offer. Is it correct? Why?
Answers
The court ruled that the ad was not a legitimate offer, but rather a political statement protected by the First Amendment. Therefore, the RNC was not obligated to pay out the prize.
The RNC said the ad was a parody and not a legitimate offer. Is it correct? Why?
In 1995, the Republican National Committee (RNC) ran a newspaper ad featuring a photo of Haley Barbour, the chair of the RNC, holding an oversized check for $1 million, payable to "your name here."
The ad claimed that Republicans were increasing Medicare spending by more than half and that under their plan, the government would increase Medicare spending over the next seven fiscal years, culminating in a 2002 expenditure 62 percent higher than that in 1995. The ad invited readers who disagreed to check a box labeled, "I don't believe you, Haley" and return it with their analysis of "why you are wrong" to the RNC.
Approximately 80 people mailed in claims for the prize, but the RNC sent a form letter rejecting the claim. When sued, the RNC argued that the ad was a parody and not a legitimate offer.
While the ad did contain factual information about Medicare spending, the RNC's claim that they would give away $1 million if proven wrong was deemed by the court to be an "unreasonable interpretation of the ad." The court ruled that the ad was not a legitimate offer, but rather a political statement protected by the First Amendment. Therefore, the RNC was not obligated to pay out the prize.
Learn more about RNC.
brainly.com/question/9380733
#SPJ11
mavis receives an e-mail announcing that her employer will be selecting employees from each department for upskillling and providing an application for those who are interested. what does this mean?
Answers
Mavis received an email informing her that her employer plans to select employees from each department for upskilling. An application was provided for interested individuals.
Mavis received an email notification from her employer, which stated that the company intends to choose employees from every department to undergo upskilling. Upskilling refers to the process of acquiring new knowledge, skills, or training in order to enhance one's professional capabilities. This initiative aims to help employees develop and expand their skill sets to meet the evolving needs of the organization.
The email also included an application form for those interested in participating in the upskilling program. By submitting the application, Mavis can express her interest in gaining additional training and acquiring new skills that align with her department's requirements or future job opportunities within the company.
For more information visit: brainly.com/question/28446580
#SPJ11
Word of mouth promotion is also known as what?
Answers
Answer:
Word-of-mouth advertising (WOM advertising), also called word of mouth marketing, is the process of actively influencing and encouraging organic word of mouth discussion about a brand, organization, resource, or event.
Explanation:
hope this helps, pls mark brainliest :D
Word-of-mouth advertising is another name for viral marketing.
What is Word-of-mouth promotion?The technique of deliberately influencing and supporting organic word-of-mouth talk about a brand, organization, resource, or event is known as word-of-mouth advertising (WOM advertising), sometimes known as word-of-mouth marketing.
A corporation can reach new audiences and establish a solid brand reputation by using word-of-mouth marketing. Businesses can enhance profitability, draw in new clients, and strengthen their bonds with current consumers by utilizing this distinctive and natural kind of marketing.
The type of rewards utilized has a significant impact on the effectiveness of word-of-mouth marketing. The employment of incorrect incentives to encourage customers or representatives to spread good word of mouth about goods or brands can have negative effects on a business, according to research.
Learn more about Word-of-mouth marketing, from:
brainly.com/question/15472521
#SPJ6
Research the options for AP and IB classes in your local school district or state and write a one-page report presenting the following information:
What programs are available that can help you get college credit for your chosen career?
What are the entrance requirements, if any?
How many college credits could you possibly graduate high school with?
What are the benefits of programs such as AP and IB, and how can you prepare yourself in middle school to take these types of classes in the future?
Answers
The programs that available that can help you to get the college credit for the career that you have chosen are:
Advanced placement classesCollege level examinationsThe entrance requirements for this schools would need you to have up to an achievement rating of 4 in some basic subjects.
You could possibly graduate with up to 120 college credits from school.
The benefits of Advanced placements is that they help to prepare students for the college school. They are used to place and grade students as they prepare for college.
What is college credit?When students join in these courses, they study college-level content more rigorously and at a faster speed. They can acquire college credits in return for taking a course like this.
High school pupils need to be aware that there are options like these, with great rewards. Students who know this information can finish their college education before arriving on the campus of their chosen institution or university.
Read more on college credit here:https://brainly.com/question/29995256
#SPJ1
Answer: (Answers may vary.)
After researching the AP and IB options in my town, I found out that my state doesn’t offer the IB curriculum. I think that the IB program sounds very interesting. I’d like to see a real IB school and learn more about the curriculum, but unfortunately I won’t be able to in my school district. My school district does, however, offer AP classes in high school.
In order to get into the AP program in my school district, I have to be on the AP path. This means that I would take the pre-AP classes in middle school, which will allow me to get farther along in the curriculum, and then I’d take the AP classes starting in my junior year. I also have to get a 3.0 GPA and maintain that GPA through my AP classes while in high school or I may lose my place in the program.
If I get on the right track, I could possibly take up to eight AP classes in my junior year of high school and another eight AP classes in my senior year, which would mean that I could get a lot of college credits! I don’t know if I could realistically do this, however, because the classes are so much more difficult than regular high school classes are. I’d also be very worried about taking all of those AP exams at the same time!
I think I’ll try to take as many AP classes in high school as I possibly can, but only for the core classes, such as English, Science, Math, and History. That way, I can get through college sooner and pay less for my degree. I have to make sure I get good grades in my classes, and I plan to get on the AP track so I can take these classes in the future.
Explanation: Edmentum Answer
Davis is planning to buy a bike. He has the full amount in his bank account. He does not want to pay any interest on his purchase. Which option(s) can Davis use when making the purchase
Answers
Answer:
C
Explanation:
Your Assignment, Part III
As the final part of this assignment, you will apply your understanding of tort law to scenarios in which a business is the defendant (or defendant tort-feasor). For each scenario, describe the specific type of tort case being brought against the defendant. Then, explain what the defendant will need to prove in order to get a ruling in their favor. Finally, describe the penalty that may be assigned to the defendant if the court rules against them.
1. Mr. Shanks goes to Hyperion Hospital to have a diseased kidney removed. After the surgery, he finds that his symptoms come back and grow even worse. When he returns to the hospital to find out what is happening, the hospital staff discovers that the surgeon removed Mr. Shanks’ healthy kidney instead of the diseased one.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
2. Two energy drink companies, Red Hornet and Blackout, have been competing with each other for years. In Blackout’s latest ad campaign, they have Red Hornet’s cartoon mascot making disparaging comments about its own product. Blackout’s ad also includes false claims that Red Hornet uses ingredients grown using slave labor. After the ad campaign runs, Red Hornet notices a drop in its energy drink sales.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
3. Larissa works at Opalescent, a high-end jewelry store. A customer comes in on a very busy day and complains about how long it takes for anyone to assist him. Larissa apologies, but the customer continues to complain. The customer, a very large man, soon begins insulting her personally and threatening her with violence. Larissa hits him with pepper spray, incapacitating him.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
Please Help:)
Answers
Answer:
ok
Explanation:
Analyse why Emirates would want to be more environmentally friendly
Answers
Reputation: In recent years, there has been a growing public concern over the impact of air travel on the environment. Consumers are becoming more environmentally conscious and are choosing companies that are taking steps to reduce their impact on the environment. By adopting more sustainable practices, Emirates can improve its reputation and appeal to environmentally conscious customers.
Cost savings: Adopting environmentally friendly practices can also help Emirates save on operating costs. For example, using more fuel-efficient aircraft or reducing waste can result in significant cost savings over time. These cost savings can be reinvested into other areas of the business, such as improving the customer experience or expanding the route network.
Compliance: Governments around the world are implementing stricter regulations to reduce carbon emissions and promote sustainable practices. By adopting more environmentally friendly practices, Emirates can ensure compliance with these regulations and avoid potential fines or penalties.
Social responsibility: As a global company, Emirates has a responsibility to act in the best interests of society and the environment. By reducing its carbon footprint and promoting sustainable practices, Emirates can contribute to global efforts to address climate change and promote sustainability.
Overall, there are several compelling reasons why Emirates would want to be more environmentally friendly. By adopting more sustainable practices, Emirates can improve its reputation, save on costs, comply with regulations, and act as a responsible corporate citizen.
Four year universities are the only type of school worth attending. True False
Answers
Answer:
false
Explanation:
Answer:
false
Explanation:
there are a number of other reliable schooling options
How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
Answers
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
Read more about housing industry
brainly.com/question/5053499
why is it important to be a good communicator for a successful future?
Answers
Answer:
Explanation:
Being an excellent communicator can help you land that first job in your new career and ensure a positive future. It can separate you from other applicants, help you be a more effective employee and serve as a stepping stone to leadership responsibilities and career advancement.