Publication

This paper examines the effect of regulation on the financial sector in Ghana and its impact on inclusive growth and financial stability in the country. The authors argue that sustained financial sector restructuring and transformation in Ghana has succeeded in creating one of the most vibrant financial services centers in the region, something that has led to an increase in the number of banks in the country. However, they also argue that a number of problems remain in Ghana’s financial system, including the issue of access to credit by the private sector and the high cost of credit, something that particularly effects small-scale businesses.