Ghana’s financial services sector can be classified into three main categories, which include banking, insurance and cap

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Ghana’s financial services sector can be classified into three
main categories, which include banking, insurance and capital
markets. The sector has shown significant development over the past
decade. The financial institutions are regulated and supervised by
the central bank of Ghana. These include banks, microfinance
institutions, savings and loans companies, credit unions, rural and
community banks, and many others. The rural and community banks
(RCBs) are unit banks owned by members of a rural community and it
is practiced in places where mainstream banking or financial
services are difficult to access. The RCBs were formed to help
improve economic activities in the rural communities by addressing
the problem of lack of finance and to increase access to credit.
They perform financial intermediation roles in rural areas such as
deposit mobilization, granting loans, investment and payment
services. Even though, citizens in urban communities are familiar
with the formal banking system, it appears more attention has not
been focused on the development of the rural and community banks.
As a professional and strategic finance analyst, provide an advice
to the Governor of Bank of Ghana in line with the contributions the
rural and community banks make to financial development in the
country. Information:
(a) Obtain the financial statements of five rural and community
banks in Ghana. The financial statements for each rural and
community bank should cover a 5-year period (and must be within the
2006-2020 period).
(b) Using the CAMEL approach, compute only one ratio under the
CAMEL for the rural and community banks over the 5-year periods
collected
(c) Present a report for the ratios
(d) Estimate and Discuss the descriptive statistics of the
ratios under the CAMEL
Urgent for immediate Assistance. Thanks