eng Science and Education Publishing Journal of Finance and Economics 2328-7276 2021-04-06 9 2 42 52 10.12691/jfe-9-2-1 JFE2021921 article Joseph Yensu 1 Hadrat M. Yusif 2 Emmanuel Tetteh 3 George Asumadu 4 Daniel A. Atuilik daa017a@hcuc.edu.gh 5 Department of Finance, Kumasi Technical University, Kumasi-Ghana Department of Economics, Kwame Nkrumah University of Science and Technology, Kumasi-Ghana Department of Finance, Ghana Cocoboard, Accra, Ghana Department of Accountancy and Accounting Information systems, Kumasi Technical University, Kumasi-Ghana Department of Infomatics, Heritage Christian College, Accra, Ghana This study focuses on the main determinants of the stability of commercial banks in Ghana. The work was guided by three objectives, namely investigating the firm-specific, board characteristics and macroeconomic variables that determine bank stability in Ghana. This study used panel data, sourced from 8 banks over 2008-2017, constituting 80 observations. Firm-specific and board-characteristic data were sourced from the selected banks through their audited financial statements. Data on macroeconomic variables were sourced from World Development Indicators, 2018 and Bank of Ghana. The study, through Hausman specification test, selected appropriate models for estimations. STATA 13.0 was used for the data analysis. From the findings, bank size and net profit margin had significant positive effects on bank stability whilst interest cover had a negative significant effect on banksĄŻ stability. Also, characteristics, gender of CEO, board size and frequency of board meeting there was a significant positive effect on bank stability. With regards to macroeconomic variables effect, inflation and growth of gross domestic product had significant positive impact on banksĄŻ stability. Bank rate had a significant negative impact on bank stability. The study therefore recommends that, the commercial banks in Ghana should embark on reasonable expansion. They should also ensure effective and efficient utilization of all banks' assets. The banks should further constitute a reasonably board size, made up of different expertise. Government of Ghana should consciously embark on accelerated economic growth, supported by sound economic fundamentals. http://pubs.sciepub.com/jfe/9/2/1/jfe-9-2-1.pdf Bank Stability determinants firm-specific Hausman Test Ghana