Publication: Micro and Rural Finance in Ghana : Evolving Industry and Approaches to Regulation
Date
2004-01
ISSN
Published
2004-01
Author(s)
Steel, William F.
Andah, David O.
Abstract
The note reviews the structure and
performance of Ghana's rural, and micro-finance
institutions (RMFIs), through a financial system, namely
comprising three main categories: formal, semi-formal, and
informal systems. It then analyzes the liberalization of its
financial policies (late 1980s) and the supervision regime,
indicating that while Ghana's approach has yielded a
wide range of RMFIs, and products - potentially outreaching
the poor based on savings mobilization - it has also
permitted the easy entry of institutions with weak
management, and internal controls. This demonstrates the
difficulty in striking the right balance between encouraging
entry and innovation, and establishing adequate supervision capacity.
Citation
“Steel, William F.; Andah, David O.. 2004. Micro and Rural Finance in Ghana : Evolving Industry and Approaches to Regulation. Africa Region Findings & Good Practice Infobriefs; No. 234. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/65ec20dd-0cae-5798-b9c3-fba55bda2059 License: CC BY 3.0 IGO.”