The Influence of Leadership Styles on Talent Management in the Banking Sector of Ghana: A Case Study of Agricultural Development Bank (ADB)

Abstract

The crisis of leadership seems to be the most pertinent problem the continent of Africa is battling with in contemporary time. Available statistical figures have consistently shown that most African countries are ranked among the lowest in global benchmarks such as life expectancy, human trafficking, control of corruption and failed state index among others. The banking sector in Africa and Ghana in particular have not been spared of this leadership crisis either. The aftermath of this is the ensuing distress the financial sector in Ghana is exposed to leading to the collapse of banks and other forms of restructuring. This paper as a result identifies the various leadership styles in Ghana’s banking sector and how this leadership style attracts and retains talents in the sector. The study finds democratic leadership style as the most prevalent one commonly practiced. Managers of the various branches of ADB were seen to have taking cognizance of the concerns of the well-being and views of their employees, who as a result felt inspired in their daily routines. However, other forms of leadership style (autocratic) were deployed depending on the type of task an employee was assigned to in the organization.