UNIVERSITY OF GHANA (All rights reserved) BSC/ BA ADMINISTRATION SECOND SEMESTER EXAMINATIONS 2019/2020 UNIVERSITY OF GHANA BUSINESS SCHOOL UGBS 206 – COMMERCIAL LAW 2 (3 CREDITS) INSTRUCTIONS: ANSWER THE QUESTION BELOW INDIVIDUALLY AND SUBMIT SAME ON THE DAY OF THE EXAMS TO YOUR LECTURER’S EMAIL ADDRESS PROVIDED BELOW: zaayariga@ug.edu.gh, laohene-obeng@ug.edu.gh, odmensah@ug.edu.gh,eanuako@outlook.com ANSWERS SHOULD BE SUBMITTED NOT LATER THAN 23.59 GMT ON 13TH JUNE, 2020 ENSURE TO USE THE RIGHT EMAIL ADDRESS Please do not share your responses with anyone otherwise your work may become a plagiarised copy. Please refer to the University’s plagiarism policy at: https://www.ug.edu.gh/sites/default/files/documents/PLAGIARISM%20POLICY.pdf. Format for saving your work: course code, course title, index number, date of submission. For example: UGBS 206_COMMERCIAL LAW 2_ID:12345678_13 June 2020 TIME ALLOWED: 3 DAYS 1. The recent collapse of some banks and financial institutions and the merger of others in ghana is proof that the financial system which consists of institutional units and markets that interact, typically in a complex manner, for the purpose of mobilizing funds for investment and providing facilities, including payment systems, for the financing of commercial activity remains unprotected in spite of the the presence of the Regulator and a solid legal system backing it. From the discussion in class and available literature, examine some of the difficulties associated with the financial system and how these challenges have been addressed by the Banks and Specialised Deposit Taking Institutions Examiners: L. Ohene Obeng, Z. Ayariga, & Derick Ohemeng Page 1 of 2 Act 2016 (Act 930). Are there any novel ways by which some of the challenges may be resolved in your opinion? (40 Marks) Examiners: L. Ohene Obeng, Z. Ayariga, & Derick Ohemeng Page 2 of 2