Reality Therapy

Excessive competition from deregulation and universal banking practices can engender insolvency and instability of the industry as banks fall prey to moral hazard, information asymmetry and pursue riskier strategies to mobilise more deposits. World Bank (2014) indicated that with GDP of USD 38.62 billion and population of 26.79 million, Ghana could boast of 29 universal banks whereas Nigeria had GDP of USD 568.5 billion, population of 177.5 million and 22 universal banks. Beck (2008) and Claessens (2009) opined the necessity of restraining competition in the banking system in order to sustain stability since undue competition could result in vulnerability to systemic risk (Allen & Gale, 2004; Carletti & Hartmann, 2003). The energy crisis that plagues Ghana adversely affects economic growth culminating in increasing operational costs, declining business income and profitability (Adom, 2011; Anane, 2015; Andersen & Dalgaard, 2012; CEPA, 2007). The 2012-2016 energy crisis contributed to decline in real GDP growth rate from 8.8% in 2012, 7.3% in 2013, 4% in 2014 to 3.9% in 2015. Banking industry operating assets dropped to 19% in 2015 from 38% in 2014 (Anane, 2015, PwC, 2016). Rising average inflation rates from 9.1% in 2012, 11.5% in 2013, 15.5% in 2014 to 17.1% in 2015 coupled with depreciation of the cedi and imbalances in other macroeconomic variables impede development of the banking sector. Athanasoglou, Brissimis and Delis (2005), Kosmidou, Pariouras and Tannz (2005), Kutsienyo (2011) and Sibindi and Bimba (2014) documented empirical evidence of GDP growth impacting positively on the banking sector and rising inflation adversely affecting banking sector growth. IMF (2011) reported the possibility of poor asset quality of Ghanaian banks should the macroeconomic imbalanced linger on.

Sample Solution

As a group leader utilizing Reality Therapy, my role would be to create an environment of acceptance and support for the teenage girls. My primary goal as a leader is to focus on helping them gain insight into their behavior and its consequences by encouraging constructive conversations about why their problems occurred in the first place (Corey et al., 2019). I would also provide practical guidance for making positive changes within their lives that go beyond just avoiding fighting. This includes exploring ways in which they can become more responsible individuals through problem-solving activities, developing communication skills, examining relationships with family/friends and discovering healthy coping methods to navigate life’s obstacles. Additionally, I believe it is important to hold participants accountable for their actions while still being supportive throughout process so they develop sense competency/self-efficacy when addressing similar issues future endeavors (Wubbolding., 2018).