Merge Banks

The International Monetary Fund (IMF) has proffered three policies including acquisitions and mergers of banks and non-banks to mitigate the possible systematic financial instability in Ghana. These policies captured under the Risk Assessment Matrix contained in the recent IMF country report on Ghana, aim to mitigate risks and ensure the stability of the banking and Non-Bank Financial Institutions (NBFIs). The first policy suggests strengthening financial safety nets and closely monitoring the liquidity and asset quality of banks and NBFIs. The second policy involves designing an appropriate strategy to recapitalize banks and NBFIs. Lastly, the IMF encourages acquisitions and mergers as…