Then we put in a note of caution: “But peel away the layers of this remarkable success and there are immense challenges ahead to be overcome if growth is to be achieved and sustained…” How right we were to sound the early warning! Sustainable development is not easy; it really is post-graduate philosophy, politics and economics, especially for a small island developing state.
Some of these benefits are:   Strong capital is a basic indication of solvency, and provides a good cushion against loss; an insurance against insolvency;    Recapitalization provides an opportunity for eliminating weak banks from the system in an orderly manner;    Well capitalized banks have better prospects for profitability and operational efficiency;    Recapitalization provides an avenue for broadening the shareholder base of banks, especially through public listing, thereby improving prospects for good corporate governance;    Well capitalized banks are better placed to finance the long term development needs of the Ghanaian economy and businesses; and    Banks are able to invest more in training and development of manpower.