Question

1. For the past three years, the financial sector of Ghana has experienced some form of
reinventions. These reforms were so comprehensive that, the insurance subsector was not
ignored. Leveraging on technology, the oversight agency has streamlined insurance premium
for all insurance companies. This implies, the costs of premium have been standardized to
nib in the bud the idea of an entity charging below/above the approved rate. This move it is
understood will give law enforcement agencies like the Police an easy way to check on the
validly of motor insurance using the platforms provided by TELCOS on a USSD code. Experts
have argued that the move is in the right direction and that the only way insurance companies
can increase their customer base is by rendering a near impeccable service to the public. As a
student of Finance, discuss the key shortcomings that may render the desire to offer quality
services to the public by these insurance companies an impossibility. [30 marks]
2. The Banking reforms in Ghana, according to experts have made the sector robust and resilient
to ward-off any threat that may come in the form of shocks. Yet, customers, traumatized by
the exercise have been restless, sparking a wave of bank switching tendency in Ghana. As a
consultant of the affected banks, discuss the factors responsible for this behavior and propose
a solution to avert it. [30 marks]
3. HARLEQUIN is a company that offers quality general and industrial tooling, welding
equipment & consumables as well as bulk cargo handling systems and high pressure
hydraulic systems. As part of its drive for expansion, it seeks to employ the services of a
dynamic and result oriented graduate with background in Banking and Finance. It already
has branches in Takoradi, Accra, and Tema and plans to increase its market share with a new
branch in Kumasi. Management plans to network all these branches for easy control and
standardisation of its core mandate. Discuss the common types of networks with the required
standards for management to make an informed decision. [30 marks]

please I need ur help

Answer 1