Answer:
The several banks in Ghana had collapsed. The banks were given license few years ago. The banks were heavily deficient in liquidity and they had instability in financial systems.
Explanation:
Answer:
The Bank of Ghana ensured that there is organization in the financial sector by ensuring creation of standard monetary policies. These policies ensure banks in the country are well guided as it helps prevent liquidation and other financial issues.
The bank also helps to regulate cash flow within and also from foreign exchange .The regulation of cash flow helps to ensure that the currency is strong when compared to other foreign currencies.
There is also the issue of strict compliance to rules and regulations which is usually applicable to all banks in the region. Those who disobey are usually sanctioned with a fine which is good enough.
The Bank of Ghana helps banks in areas of loans and storing excess that they have.
More information can be gotten from https://brainly.com/question/25139982
