Microfinance and poverty reduction in ghana


Lack of adequate and reliable information on outreach in terms of its code reduction hp suisse depth and breadth remains one of the most daunting in the sub-sector.
To this end, I will use the spss software to do the quantitative and the qualitative analysis.
Of course, funds may be used for a number of other activities, such as crop and animal trading, cloth trading and pottery manufacture.World Bank, New York, (1999) 6 FStudy conducted by code promo vista print livraison Ernst Young and isser for the Bank of Ghana 7 World Bank, Rural and Micro Finance Regulation in Ghana: Implications for Development of the Industry, World Bank, New York (2004) 8 Susu Collectors in Ghana are.The literature suggests that micro- finance creates access to productive capital for the poor, which together with human capital, addressed through education and training, and social capital, achieved through local organization building, enables people to move out of poverty.In this regard, the role of ghamfin as an umbrella body for microfinance apex institutions, as well as their member institutions, needs to be strengthened to ensure the transfer of best practices and setting of standards for the industry.At the institutional level, data/information gathering and dissemination are weak within and between institutions.



This group is characterized by lack of access to credit, which constrains the development and growth of that sector of the economy.
For a small fee they personally gather the income of their clients and return it at the end of each month, providing greater security for their client's money.
For example, while acknowledging the role micro-credit can play in helping to reduce poverty, Hulme and Mosley (1996) concluded from their research on micro-credit that "most contemporary schemes are less effective than they might be" (1996,.134).The length of time within which to finish this project, the financial constraints and finally Kumasi as characterised by lots of these MFIs are the basic rationale for the choice.Challenges Facing the Microfinance Sector Generally, since the beginning of government involvement in microfinance in the 1950s, the sub-sector has operated without specific policy guidelines and goal.The former UN comment gagner des voyages Secretary General Kofi Annan during the launch of the International Year of Micro Credit (2005 Sustainable access to microfinance helps alleviate poverty by generating income, creating jobs, allowing children to go to school, enabling families to obtain health care, and empowering people.They were also found to be in a better position to contribute towards the education of their children, payment of health care for members of their households and the purchase of household durables.Thus, the human capacity of some key stakeholders and institutions including masloc, ghamfin, MFIs, relevant Ministries, and technical service providers etc needs to be enhanced for microfinance operations.However, Susu, which is one of the microfinance schemes in Ghana, is thought to have originated from Nigeria and spread to Ghana in the early twentieth century.However the repayment perfomance turned out to be less than satisfactory.They constitute the key stakeholders of the Microfinance Sub-sector in Ghana.



3.4 Questionnaire, i will prepare systematic and well organized questions that will enable me; have responses to the questions raised in the introduction and moreover test the hypothesis of the research.
Washington: cgap -Consultative Group to Assist the Poor.
Currently, there are three broad types of microfinance institutions operating in Ghana.

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