Risk Management Practices among Commercial Banks in Ghana

Abstract

The study compares the risk management practices among commercial banks in Ghana.  Using the multiple regression model the paper examines the determinants of risk management practices among the selected commercial banks. Cross-sectional research design was used. A standard modified questionnaire from (Hussien and Faris, 2007), were administered to risk analysts and senior risk managers of the sampled banks at the headquarters offices and branch head offices in Accra and Kumasi. The results show that the sampled banks are somewhat efficient in managing risk, and risk monitoring and control is the most influencing variable in risk management practices. The results again show a significant difference among commercial banks in the practice of risk identification, understanding risk and in risk monitoring and control except risk assessment and analysis.

Keywords: risk, management, commercial banks, Ghana.