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|Title: ||ASSESSING CREDIT RISK CONTROL SYSTEMS IN FINANCIAL INSTITUTIONS IN GHANA: A CASE STUDY OF SOME SELECTED FINANCIAL INSTITUTIONS IN GHANA|
|Authors: ||NKEGBE, THEOPHILUS|
|Issue Date: ||6-Apr-2016|
|Abstract: ||Credit risk appraisal in the financial industry is very important since it would help reduce risk in the financial service delivery. The study seeks to identify the risk associated with providing financial services, explore the soundness of financial institution’s credit risk control system, assess if credit risk control system conforms to the Basel II accord.
The data was collected from both primary and secondary data and included interviews and discussions with senior credit officers.
The study resulted in a number of significant observations. The results of the study implies that environmental risk, market risk, liquidity risk, reputational risk, legal risk and credit risk are of importance to the operations of financial institution in the Obuasi municipality. The study also revealed that financial institutions have exposure concentrations on the individual or industry, it was further observed that the mean rating of the respondents on borrower selection, size and terms are higher than the cut-off point of 3.5, implying relevance to the financial institution.
This has led to a couple of recommendations which comprise that the risk management policies of financial institutions should be updated regularly to avoid getting outdated and irrelevant with time, that the financial institution consciously resource all department of the institution for them to carry out their work, that codes of conduct for employees and members of staff are subject to regular review and also the performance accounting, information and communication systems must be evaluated.
In conclusion, financial institution should identify and manage risk inherent in all products and services and ensure that they are subjected to adequate risk management procedures|
|Description: ||A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)|
|Appears in Collections:||College of Arts and Social Sciences|
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