The result of this failure is that more cases will have to be dealt with through the formality of the PIA or through bankruptcy. Lenders have had to adapt their way of thinking. Dealing with a defaulted loan is, for the lender, not the same as underwriting a new loan. The borrower proves not to have been as creditworthy as the lender thought.
As is well known in the country, in 2007 the Bank of Ghana determined new capital requirements for banks operating in the country. Globally, size has become an ingredient for success.