Rural Banks – NBC Institute

AAA – Aug 2022 – L3 – Q5a – Current issues

State eight requirements of the corporate governance directives aimed at improving corporate governance in the rural banking sector.

Question

To address the protracted gaps and promote robust corporate governance practices in the rural banking sector, the Bank of Ghana issued Corporate Governance Directives for Rural and Community Banks in May 2021.

Required:
State EIGHT (8) of the requirements of the corporate governance directives aimed at improving Corporate Governance in the rural banking sector.

Answer

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Tags: Bank of Ghana, Board of Directors, Corporate Governance, Rural Banks
Level: Level 3

Series: AUG 2022

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

Question

The Central Bank of Ghana (BoG) is mandated to ensure the smooth running of the banking system. Over the years, Bank of Ghana has taken pride in enforcing stricter regulation and supervision. In this regard, the BoG formulated the Banks and Specialised Deposit Taking Institutions Act, Act 930 in 2016, which empowers it to be more aggressive in dealing with deviations in the sector. The BoG, aside instituting regulations, undertook a clean-up of the financial sector. This saw the number of universal banks drop from 30 at the beginning of 2018 to 23, as at the end of December 2018. These 23 universal banks were able to meet the minimum capitalisation requirement of GH¢ 400 million by the end of December 2018 (BoG, MPC reports, 2018).

Major corporate failures worldwide have dented investor confidence as well as raised several questions on the effectiveness of a firm’s internal control system and the corporate governance structures and also poor risk management especially for banks. Bank of Ghana in addressing collapse of Rural Banks and the risk management gap of the rural banking space introduced the Risk Management Guidelines for Rural and Community Banks in May 2021.

Required:
Evaluate FIVE (5) of the responsibilities of the Board for risk management of rural banks.

(10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Responsibilities, ICAG, Risk Management, Rural Banks
Level: Level 3

Topic: Current issues, Government external audit and public accountability
Series: MAR 2023

AAA – Aug 2022 – L3 – Q5a – Current issues

State eight requirements of the corporate governance directives aimed at improving corporate governance in the rural banking sector.

Question

Required:
State EIGHT (8) of the requirements of the corporate governance directives aimed at improving Corporate Governance in the rural banking sector.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bank of Ghana, Board of Directors, Corporate Governance, Rural Banks
Level: Level 3

Series: AUG 2022

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

Question

Required:
Evaluate FIVE (5) of the responsibilities of the Board for risk management of rural banks.

(10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Board Responsibilities, ICAG, Risk Management, Rural Banks
Level: Level 3

Topic: Current issues, Government external audit and public accountability
Series: MAR 2023

Question Tag: Rural Banks

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AAA – Aug 2022 – L3 – Q5a – Current issues

State eight requirements of the corporate governance directives aimed at improving corporate governance in the rural banking sector.

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

AAA – Aug 2022 – L3 – Q5a – Current issues

State eight requirements of the corporate governance directives aimed at improving corporate governance in the rural banking sector.

AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

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AAA – Aug 2022 – L3 – Q5a – Current issues

State eight requirements of the corporate governance directives aimed at improving corporate governance in the rural banking sector.

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AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

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AAA – Aug 2022 – L3 – Q5a – Current issues

State eight requirements of the corporate governance directives aimed at improving corporate governance in the rural banking sector.

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AAA – March 2023 – L3 – Q5a – Current issues, Government external audit and public accountability

Evaluate five responsibilities of the Board for risk management of rural banks.

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