Exploring Innovations in Microfinance Institutions in Northern Ghana

Dary, Stanley Kojo; Issahaku, Haruna

doi:10.5296/ber.v3i1.3602

Cited by 16 publications

(13 citation statements)

References 14 publications

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“…Success was reported in Ghana and South Africa following microfinance interventions in terms of increased business incomes, improved access to life-enhancing facilities and empowerment of people, particularly women [55]. The microfinance innovations may take the form of loans and savings as discussed by Dary and Haruna [56].…”

Section: Discussionmentioning

confidence: 99%

Food coping strategies in northern Ghana. A socio-spatial analysis along the urban–rural continuum

et al. 2016

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Background: Food insecurity is a worrying challenge worldwide, with sub-Sahara Africa most affected. Literature reveals that in developing countries, food insecurity is a largely ''managed process'' , meaning people are active participants in responding to the risks they face in life. This paper focuses on how households cope with food shortages and how these food coping strategies vary along the urban-rural continuum. A transect approach was used to guide data collection in and around the city of Tamale in northern Ghana. A total of 19 Focus Group discussions, having eight participants each (four women, four men), were conducted between March and May 2014. Additionally, three qualitative in-depth interviews were also conducted, one each in the urban, periurban and rural area. Results:In periurban and rural areas, gathering of wild food and selling of charcoal was widely practised, while in urban areas, most households tended to reduce the number of meals as a more frequent coping strategy. The study identified five coping strategies along the urban-rural continuum as the most severe in times of food insecurity, namely skipping a whole day without food, borrowing, buying food on credit, consuming seed stock and restricting adult intake in favour of children. Hunting, consuming less preferred food, taking occasional jobs and engaging in small trading were considered as not severe. Conclusions:Study results reveal that food coping strategies vary from one spatial entity to another in terms of frequency, severity and coping strategy indices along the urban-rural continuum. This information is useful for indicators to predict crisis (early warning), to understand shortfalls in access to adequate food (assessment), to allocate resources (targeting) or to track the impact of interventions (monitoring and evaluation).

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Section: Discussionmentioning

confidence: 99%

Food coping strategies in northern Ghana. A socio-spatial analysis along the urban–rural continuum

et al. 2016

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“…Nourse (2001), in his review on the context and rise of microfinance products argues that there is the need for savings and insurance services for the poor and not just credit products [18]. Like many other countries, MFIs in Ghana offer three major services to their clients; micro-credit, micro-savings and micro-insurance and casually provides their clients with non-financial services such as business education and training [19].…”

Section: Microfinance Services and Accessibilitymentioning

confidence: 99%

Women Empowerment Through Microfinance: Empirical Evidence from Ghana

Addai¹

2017

JFA

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Abstract:Microfinance programmes are currently promoted as a key strategy for simultaneously addressing both women empowerment and poverty alleviation in Ghana. However, there has been a hot debate on the potency of microfinance in empowering the Ghanaian women. Apparently, this research was conducted to analyse the impact of microfinance services on the economic and social empowerment of women in Ghana. A purposive non-probability sampling technique was utilized in a 500 sample-size selection of female microfinance customers from Ashanti, Greater Accra, Central, Eastern and Western Regions of Ghana (100 from each region). For this study, SPSS and STATA Statistical tools were used to analyze the data and the ordered probit model was used as the estimation model. Glaring in this study is a statistically significant positive relationship between microfinance and women empowerment, for both economic and social but such relationship is dependent on marital status and educational level of the women with age having no controlling effect. Nevertheless, it is also evident in this study that women encounter myriad problems in accessing microfinance services of which high interest rate is paramount. Recommendations have been given on how microfinance outreach programmes could be enriched especially among the rural women since enhanced microfinance accessibility could be a perfect tool to accelerate economic and social empowerment of women in Ghana.

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“…In a typical country like Ghana, it can be observed while there has been growing competition in the banking sector during the sample period, bigger banks have the lowest interest rates and the larger loan portfolios (Ackah & Asiamah, 2016;Kusi, Agbloyor, Fiador, & Osei, 2016;Ladime, Sarpong-Kumankoma, & Osei, 2013;Nkuah, Tanyeh, & Gaeten, 2013). The number of banks in Africa has more than doubled in the last decade due to the liberalization of the sector, and this has increased the level of competition in the industry (Ackah & Asiamah, 2016;Dary & Issahaku, 2013). However, there still exist differences in the size of the banks such that few large banks have continued to dominate the sector.…”

Section: Bank Competition and Financial Developmentmentioning

confidence: 99%

Banking Sector Competition and Financial Development in Sub-Saharan Africa

Ricky-Okine

Amankwaa

Anane³

2020

IJTMR

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The study sort to establishing a relationship between banking sector competition and financial development in subSaharan n Africa. The study further disaggregated the data used into Francophone and Anglophone countries, and these were examined separated and compared. Using an annual data on banks across 37 countries in Sub-Saharan Africa spanning the period 2001-2016 and employing the Fixed Effects estimation technique, the study revealed that there is a positive and significant relationship between financial development (FDCredit) and competition (CR3) for the full sample and the anglophone samples. The study further revealed that banking sector stability is essential for the financial development of both Anglophone and francophone countries within the sub-region. Macroeconomic variables did not have any impact on financial development generally except in francophone countries where exchange rates were found to have an impact on financial development. Bank-level variables such as ZSCORE, non-performing loans, profitability, liquidity and capitalization, on the hand had little impact in Anglophone countries on financial development compared to francophone countries. The study found that larger banks contribute positively to the development of the financial sector and banks tend to be bigger in Anglophone countries, and their banking sector is also more competitive than the francophone countries for the period used. Less emphasis should be placed on bank-level variables as these do not have significant impacts on the financial sector for Anglophone countries. Francophone countries should, however, control bank-level variables to ensure that they achieve greater financial development. Citation: Ricky-Okine, C. K., Amankwaa, T.and Anane, E.Banking Sector Competition and Financial Development in Sub-Saharan Africa,2020; 5(3): 58-85. Received: July 18, 2020Accepted: September 30, 2020

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Exploring Innovations in Microfinance Institutions in Northern Ghana

Cited by 16 publications

References 14 publications

Food coping strategies in northern Ghana. A socio-spatial analysis along the urban–rural continuum

Food coping strategies in northern Ghana. A socio-spatial analysis along the urban–rural continuum

Women Empowerment Through Microfinance: Empirical Evidence from Ghana

Banking Sector Competition and Financial Development in Sub-Saharan Africa

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