Public Policy Analysis: The Impact of The Collapsed Banks On Ghana's Economy

The Ghana Banking Sector has just licked the worse wounds of the recent crisis that impacted negatively on the economy. Whilst the bank of Ghana is partly to be blamed for the slow pace at which it handled the issued, directors,and managers are also responsible for not exercising oversight responsibility over the daily operations of the bank. The nation has suffered greatly in terms of the huge lay-offs and the huge capital invested to reform the sector. Strict corporate governance principles coupled with proper credit risk management and other operational management principles must be enforced to prevent this mess from re-occurring in future.