 THE EFFECTS OF COMPUTERIZED ACCOUNTING SYSTEM ON GHANAIAN BANKS, THE WAY FORWARD (A case study of Amanano Rural Bank LTD) (MANAGEMENT PROJECT TOPICS AND MATERIALS)
ABSTRACT
This thesis aims to answer general questions concerning the computerization of ac-counting systems in Ghana. Furthermore, it analyzes the possible factors and benefits of this subject matter. It also presents how banks computerization has helped eradicate many problems in the banking field, comparing and giving insights into differences between computerized accounting systems and manual accounting/banking systems. The study was carried out to show the importance Ghanaian banks confer on computerized banking technology, the extent to which this technology is being employed and how relevant this banking technology is to customers and staff as a whole.
The bank examined in the study was Amanano Rural Bank Limited because this bank just introduced this form of technology. The study was conducted through primary data collection where questionnaires were designed and distributed to customers at the bank. Personnel at the bank were also interviewed through e-mails and telephone conversations. Secondary data collection involved reviewing some textbooks, magazines and the like that have materials relating to this topic. Fifty questionnaires were sent to the bank to be distributed to their customers and staff for completion and the response received were analyzed.
The study concludes with observations summarizing the research and the recommendations that emerged. It analyses the level of technological advancement in the banking sector in the country. The empirical findings showed that banks using manual banking systems have not been apt in delivering quick and efficient services to their customers. On the other hand, banks operating with computerized accounting/banking systems offer much improved, efficient and fast services to their customers, thereby making them much more competitive.
