Finance & Business Regulations
IN FOCUS
Despite the widespread belief that financial rules provide financial security and stability, practical experience suggests that they can also be a source of instability. So, a sensible approach to financial regulation should be to identify existing restrictions that are having a negative impact on the industry, and remove them. There is also minimal discussion of costs or other options for attaining the same goals because of the diversity of the sources and objectives of regulation, the complexity and opaqueness of the terminology, and the volume of the legislation. Regulations should also support rules that promote innovation in the financial and business sector, such as those that let the functioning of blockchain technology, or fintech, marijuana, companies compete on an even playing field. Our primary goal is to present data and analysis on certain problems. Our longer-term objective is to make regulation as sane, economical, and minimally restrictive as feasible.
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A Comparative Analysis of the Gh¢60 Billion Loss Incurred by the Bank of Ghana, the Financial Sector Clean Up and the Bond Holders’ Haircut
Introduction The financial sector in Ghana has undergone a significant transformation in recent years, marked by the collapse of several financial institutions and the subsequent