Examining the economic impact and challenges associated with Savings & Loans companies in Ghana

Tweneboah Senzu, Emmanuel (2017): Examining the economic impact and challenges associated with Savings & Loans companies in Ghana.

Abstract

The paper strive to empirically deduce the exact contribution of Savings & Loans companies to Ghana’s economy, and further analyze the extent of it economic impact as against the challenges faced by the industry in support of the development of the financial system in Ghana

• Item Type: MPRA Paper
• Language: English
• Keywords: Savings & Loans, Financial System of Ghana, Micro-finance Institutions, Banking, Informal Economy, Bank of Ghana
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages; G - Financial Economics > G2 - Financial Institutions and Services > G23 - Non-bank Financial Institutions ; Financial Instruments ; Institutional Investors; G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation

References

1. Anin, T.E. (2001). Banking in Ghana, Woeli Publishing Services

2. Appiah, M., (2008). Microfinance Development in Ghana: Achievements, Challenges and Issues for the way forward, The Microfinance News

3. Aryeetey, E., (1994). Financial Integration and Development in Sub-Saharan Africa: A Study of Informal Finance in Ghana, Overseas Development Institute, Working Paper 78, London

4. Aryeetey, E., (2008). From Informal Finance to formal Finance in Sub-Saharan Africa: Lessons from Linkage Efforts, IMF Institute and the Joint Africa Institute (Paper presented at High-Level Seminar on African Finance for the 21st Century)

5. Atta-Bronyah, K., (1995). The Non-Bank Financial Institutions and Banking, The Ghanaian Banker

6. Bass, J., Henderson, K., & Weidermann Associates (2000). The Microfinance Experience with Savings Mobilization, USAID-Microenterprise Best Practices (MBP) Project

7. Basu, A., Blavy, R. & Yulek, M., (2004). Microfinance in Africa: Experience and Lessons from Selected African Countries, (IMF Working Paper WP/04/174), International Monetary Fund

8. Bank of Ghana Working Paper (2007). A Note on Microfinance in Ghana, WP/BOG-2007/01, Bank of Ghana Research Department

9. Bank of Ghana Annual Reports, (2012-2016)

10. Basu A., Blavy R., & Yulek M., (2004) Microfinance in Africa: Experience and Lessons from Selected African Countries IMF Working Paper WP/04/174 (Washington, World Bank)

11. Boateng, D., (2009). Commercial Banks entering the Microfinance Market: Issues for Consideration, Business and Financial Times

12. Council, H., S., R., (2002). Micro-Finance in Rural Communities in Southern Africa: Country and Pilot Case Studies, Policy Issues and Recommendations, HSRC

13. Crossley, J., & Blandford J., (1975). The DCO Story, Barclays Bank International Ltd., London

14. Fiakpe, L., (2009). Nigeria: Savings Market – Terrain of the Old Hawks, Vanguard

15. Fry, R., (1976). Bankers in West Africa, London, Hutchison, Benham Financial Institutions (Non-Banking, 1993) Law, PNDC 328

16. Firpo, J., (2005) Banking the unbanked: Technology’s role, micro capital www.microcapital.org accessed on 03/03/09

17. GHAMFIN (n.d.), Microfinance Poverty Outreach and Performance Assessment: A Study of Rural Microfinance Institutions and Government Programmes in Ghana

18. Goldstein, Barro, I., & Gentil, D., (1999). The Role and Impact of Savings Mobilization in West Africa: a Study of the Informal and Intermediary Financial Sectors in Benin, Burkina Faso, Ghana, Guinea, Mali and Togo), MicroSave

19. Hirschland, M., (2003). Serving Small Depositors: Overcoming the Obstacles, Recognizing the Tradeoffs, the Microfinance Bulletin, Washington: Microfinance Information Exchange

20. Johnson. H.J., (1993). Financial Institutions and Markets A Global Perspective, McGraw-Hill

21. Owusu, T., (1993). The Non-Bank Financial Sector, The Ghanaian Banker

22. Steel, W., & Andah, D., (2003). Rural and Microfinance Regulation in Ghana: Implications for Development and Performance of the Industry, Africa Region Working Paper, No 49 Washington; World Bank

23. World Bank -Africa Region, Studies in Rural and Micro Finance, (1999). Financial services for Women Entrepreneurs in the Informal Sector of Ghana, World Bank New York

24. World Bank (1997), Voices of the Poor: Poverty and Social Capital in Tanzania, Environmentally and Socially Sustainable Development Studies and Monograph, Washington: World Bank

25. Otero, M. (1999) Bring Development Back into Microfinance. Journal of Microfinance, Vol. 1, No. 1. 8-19

26. Bank of Ghana Website, www.bog.gov.gh accessed on 02/03/09

27. Littlefield, E., & Rosenberg, R. (2004). Microfinance and the poor; breaking down walls between microfinance and formal finance. Finance & Development Journal

28. Ghana web (2014, September 30). New minimum capital for Savings & Loans companies. https://ghanaweb.com