Ghanaian banking crisis of 2017-2019 and related party transactions

Early in 2017, a new management team took over the helm of affairs at central bank Ghana. Preliminary evidence available to them suggested that number banks were distressed. Further investigation by revealed poor corporate governance, false financial reporting, and insider dealings major contributory factors state they found. The then engaged question try rectify situation. Unfortunately, things did not work out. Subsequently, course sixteen-months, banking licenses nine out 35 withdrawn. This paper focuses on role related party transactions (RPTs) played what has been referred as Ghana's crisis presents details extent which affected RPTs, possibly quest seek rents. Content analysis allegations against suggests being members conglomerate groups pre-disposed rentseeking transactions. To forestall such activities, it is recommended should be allowed belong groups. Also, entities with controlling interests non-regulated firms gain banks. Further, extra vigilant carrying its risk-based supervisory responsibilities. Finally, Ghana consider adopting twin peaks approach regulating her system.