Financial Times FT.com

Banking: Institutions too small to be meaningful

By Tom Burgis

Published: December 3 2009 16:00 | Last updated: December 3 2009 16:00

Ghana’s banks have avoided the crisis that tore through the world’s financial centres. The problem for the country’s economy is that, if they did, not enough people would care.

Credit-starved entrepreneurs would simply continue to be just that. Mining companies in Africa’s second-biggest gold producer already use foreign sources of financing and the newborn oil industry is expected to do the same.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this