Question

Financial Markets play critical role in the Economic Development of an economy. Critically examine the role of Ghana’s Financial Markets to the Ghanaian economy.

Answer 1

The importance of financial markets for the development of a country's ecconomy cannot be overemphasised.Financila markets are mainly made up of money markets and the capitals market.The financial markets in Ghana are made up of the bond markets,equity markets,foreign exchange markets and the derivatives markets.

Financial markets serve three role in the economy-they offers savers and borrower liquidity,they pool and communicate information,and they allow risk sharing.

The financial markets in Ghana is the country's nervous system and its role to the growth and development of the Ghanaian economy is of paramount importance.