Corporate Governance, Gender Diversity and Bank Performance: Evidence from Ghana

The study examined the impact of corporate governance and gender diversity on financial performance of commercial banks in Ghana. The study sampled 23 banks over a 9-year period using balanced data extracted from the annual report of the banks. The study used both correlation analysis as well as panel regression analysis to measure the objectives of the study. The regression analysis shows that BS, NED, FBC, FRB does not significantly influence financial performance of commercial banks in Ghana. Furthermore, FCEO had a positive and significant relationship with ROE and ROA. The results of the study indicate that, banks with female CEOs, have significant improvements in their financial performances. It appears that females have positive and significant influence on banking policies and strategies which translate to higher performance. The study recommends that banks should consider gender balance when composing their boards. More females should also be considered for the positions such CEO; where females appear to make significant contributions.