In view of the above question (a), state and explain regulations set out to mitigate (4) of the problems/issues stated, regulations as enacted in the Banking Act 673, Non-Bank Financial Institutions Act 774 and the new Banks and Specialized Deposit-Taking Act 930.

The financial sector has experienced major transformations these few years. Bank of Ghana in

release the takeover and collapse of a number of

the year 2017/2018 announced in a press

banks due to several regulatory irregularities.

b. In view of the above question (a), state and explain regulations set out to mitigate (4) of the problems/issues stated, regulations as enacted in the Banking Act 673, Non-Bank

Financial Institutions Act 774 and the new

Banks and Specialized Deposit-Taking Act

930. (25 marks)