The recent collapse of some banks and financial institutions and the merger of others in ghana is proof that the financialsystemwhichconsists of institutional unitsand markets that interact, typically in a complex manner, for the purpose of mobilizing funds for investment and providing facilities, including payment systems, for the financing of commercial activityremains unprotected in spite of the the presence of the Regulator and a solid legal system backing it. From the discussion in class and available literature,examinesome ofthe difficulties associated with the financial system and how these challenges have been addressed by the Banks and Specialised Deposit Taking Institutions Act 2016 (Act 930).

Are there any novel ways by which some of the challenges may be resolved in your opinion?