Mr. Chairman, to sustain the pace of progress in the financial sector and enhance the financial system’s resilience to shocks and its contribution to the needs of a growing economy, the Bank of Ghana, in collaboration with some selected audit firms, carried out a diagnostic assessment of the quality of financial exposures in the form of loans and advances as well as investments of twenty eight (28) Ghanaian banks in 2015.
Since late 2007 the composition of the flows has changed: portfolio inflows have faltered but at the same time inflows of foreign direct investment and other investment funds have picked up considerably. The turmoil has so far been accompanied by high and often rising international commodity prices. Greater uncertainty for instance tends to be good for the prices of precious metals.