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Following an excruciating (and fiscally burdensome) insolvency resolution process, the Bank of Ghana, as part of a broad-based effort to avert another financial crisis in the future (at least one comparable in scale), enacted a slew of directives, most of which have transformed the regulatory landscape, undoubtedly. One of such instruments is the Corporate Governance […]

Context It’s a known fact, even in regulatory circles, that high operating expenses are a major issue that adversely impacts loan asset pricing. Studies have shown, especially in Ghana, that high base rates are correlated with high operating costs and low non-interest revenue. Although the high operating expenses (expressed as cost/income ratio) are characteristically high