• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Icebergs in Bank Numbers: Health Vigilance Beyond Pricing

1 year ago
in Business, Features, highlights, Home, home-news, latest News, Opinions
2 min read
0 0
0
106
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

 Icebergs in Bank Numbers: Health Vigilance Beyond Pricing

As Ghana’s banking sector approaches the crucial milestone of publishing financial results by the end of April 2024, it’s essential to remember that these figures are not mere numbers but a measure of the health of our financial institutions, which is the backbone of our nation’s economic prosperity. Financial results of banks offer valuable insights for informed financial decision making. By understanding the financial health of banks, you gain a clearer picture of factors that may impact your financial stability and operations. 

Neglecting to carefully examine banks’ financials can seriously affect individuals, Small to Medium Enterprises, and large Corporations. At this time of global economic uncertainty, making a decision on a bank solely based on lower interest rates when borrowing and higher interest rates when investing may present undesirable outcomes in future. It is important that you make your financial decisions based on the total health of the bank and not only on pricing. It is easy to be swayed by the promise of lower borrowing costs and higher interest rates on deposits, but this narrow focus on pricing overlooks a fundamental truth – the financial health of banks is the bedrock of economic stability.

Imagine a ship navigating treacherous waters. The visible tip of an iceberg may promise immediate gains, but below the surface lies a vast and potentially hazardous structure. Similarly, while pricing may attract attention, a bank’s financial health determines its resilience in times of crisis. Past events in the banking sector serve as valuable lessons. Instances of financial crises, bank failures, and regulatory challenges highlight the need for heightened vigilance and proactive risk management. Companies, especially those in key sectors, should maintain a keen interest in the banking sector’s performance to anticipate and navigate potential challenges.

The global financial crisis of 2008 serves as a stark reminder of this. Over 500 banks worldwide succumbed to unchecked risks and unsustainable practices. Closer to home, Ghana’s banking sector faced a similar reckoning during the cleanup of 2017-2019. Weak governance, insufficient reserves, and toxic loans threatened the very fabric of financial stability. The aftermath required drastic measures, such as mergers, closures, and regulatory scrutiny, to restore trust and stability.

In the unpredictable waters of global finance, dangers often lurk beneath the surface. However, even as we weathered these storms, new challenges emerged. The COVID-19 pandemic tested the sector’s resilience, prompting swift actions like loan restructuring. Ghana’s recent Domestic Debt Exchange Program further highlighted vulnerabilities, emphasizing the need for vigilance and reform. “The banking sector is the lifeline of our economy, and its stability is paramount,” remarks Economic Expert John Smith. 

“As individuals, businesses, and policymakers, we must delve deeper,” as advised by Banking Consultant Sarah Johnson. “Evaluate financial reports, seek expert counsel, and engage in informed discussions about sectoral resilience.” So, what can we do? Start by paying attention. Review banks’ financial reports, ask questions, seek expert advice. Understand the risks and opportunities that come with banking relationships. Don’t just focus on interest rates or fees; look deeper, beyond the surface.

RelatedPosts

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce

Rewriting the Rulebook: Ghana’s Battle to Restore Currency Credibility

Bank of Ghana Raises GHS 836m in Short-Term Bill Auction at 24.8% Yield

It is incumbent on every stakeholder – individuals, businesses, investors, and regulators – to take an active role in assessing and safeguarding our banks’ financial soundness. Let’s not wait for the tip to melt; let’s dive beneath the surface, examine the numbers, and ensure a solid foundation for our economic future. Together, we can ensure a resilient and thriving banking ecosystem for generations to come. The time for financial vigilance is now. We cannot repeat past mistakes; it’s too early to forget. 

Source: Dinah Kaleo-Bioh, Head, Client Coverage, Corporate and Investment Banking, Stanbic Bank Ghana
Via: norvanreports
Tags: BanksBusinessesfinancial crisisfinancial healthghanaIcebergs in Bank Numbers: Health Vigilance Beyond PricingindividualsinvestorsRegulators
No Result
View All Result

Highlights

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules

FirstBank Prepares for 2025 Staff Engagement Empowering People, Shaping Culture, Achieving Targets

Gov’t to Overhaul Investment Law, Create 24-Hour Economy Authority in New Bills to Parliament

Ghana, Singapore Push Cross-Border Payments and SME Ties as Mahama Hails Stabilising Economy

GoldBod Suspends Gold Buyer’s Licence Over Illegal Pricing

JICA and AfDB Sign Agreement to Extend Enhanced Private Sector Assistance Initiative for $5.5 Billion

Trending

Business

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce

August 28, 2025

Bank of Ghana Sets Gold Coin Price at GHS 39,273 Per Ounce The Bank of Ghana on...

Rewriting the Rulebook: Ghana’s Battle to Restore Currency Credibility

August 28, 2025

Bank of Ghana Raises GHS 836m in Short-Term Bill Auction at 24.8% Yield

August 28, 2025
Bank of Ghana

Importers Urged to Use Credit Cards as BoG Tightens Foreign Currency Rules

August 28, 2025

FirstBank Prepares for 2025 Staff Engagement Empowering People, Shaping Culture, Achieving Targets

August 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.