Submit for parliamentary approval amendments to the Banking Laws to close regulatory gaps, including with respect to bank resolution options.
Introduced at R3R4 for assessment at the 6th review. Macroeconomic rationale: To contribute to continued financial sector stability. At R6R7, Not implemented. Following delays in appointing legal consultants to draft regulations, the Fund is providing technical assistance to strengthen the legal and regulatory framework for mergers and acquisitions, bank resolution, as well as to enhance supervisory capacity in these areas. An implementation work plan will be prepared by the Bank of Ghana by end-July 2012.