OPERATIONS AND SUPPLY CHAIN ISSUES WITH LOAN PROCESSING IN A RETAIL BANK (BANK OF AFRICA GHANA)
Overview of Operations & Organizational Strategy of Bank of Africa Ghana
There has been an evolvement of the financial sector in Ghana. Banks are the major financial intermediaries in the country, and as such they endeavor to mobilize their customer’s savings to allocate various productive activities to benefit all their stakeholders, the investors and the nation’s economy as a whole. The banking system through the Bank of Ghana has enabled saving capabilities through low costs of transactions, which has helped streamline the industry. The bank has brought together borrowers and suppliers who transact their businesses at pocket-friendly costs, and this has been a major organizational strategy to increase their presence and competitive advantage over their main rivals. Indeed, the system has been efficiently channeling different financial resources and capabilities to various resources and has become an important tool that is used for growth and development.
The bank has also managed to bring about various reforms, and this strategy has helped them to ensure continuous improvements, higher productivity, and efficiency in their operations. The new reforms have also helped them to regulate the banking system in Ghana because of their diverse patronage to their various resources. Over the past decade, the bank was able to …
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