The banking sector clean-up in Ghana has eroded the desire and confidence that general public hadin...

The banking sector clean-up in Ghana has eroded the desire and confidence that general public hadin banking sector. Currently deposit level in the country is low. You are to discuss the strategy that banks should adopt to enhance deposit mobilization.

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Expert Solution

Various strategies that the banks should adopt to enhance the deposit mobilization would be as follows-

A. Offering with high rate of interest on deposit can help the banks in attracting a large number of depositors.

B. banking services are when embedded with different kinds of investment vehicles like investment in mutual funds industry and other securities market industries, then they are more attractive to a depositor

C . Banking should also provide them with high assurance and security that the banks should not default and their principal payment is protected.

D. Bank should also try to secure depositors with issuance of shares so when there would be assurance that if the the default is done on the part of the bank, the shares would be liquidated to meet the payments of depositors

E. There should be effective and efficient management of the resources of the banking business in order to maximize the the capability of banking industry and a good business will be always be attracting a large number of depositors.

jeff jeffy answered 1 year ago

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