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Transforming local economies through microfinance in rural Ghana. Evidence from a review of existing literature

Alhassan, Yahaya, Paul, Geoff, Salia, Samuel and Nwagbara, Uzoechi (2022) Transforming local economies through microfinance in rural Ghana. Evidence from a review of existing literature. In: Transforming Economies Through Microfinance in Developing Nations. IGI Global. (Submitted)

Item Type: Book Section

Abstract

This chapter examines the role of microfinance in the transformation of rural communities in Ghana. To achieve this aim, a synthesized review of existing literature on microfinance outcomes on employment creation, poverty reduction, female empowerment, and microenterprise development in Ghana was conducted. The review shows that microfinance has contributed significantly to the transformation of rural communities in Ghana by helping to reduce poverty and improving the living standards of the poor. The review also demonstrates that microfinance contributed positively to the socio-economic well-being of women in Ghana. Microfinance has also played a positive role in the transformation of rural communities in Ghana by providing credit to support microenterprise projects. Furthermore, the analysis shows that microfinance contributed positively to the transformation of rural communities in Ghana by providing credit to individuals and microenterprises to create jobs and improve living standards.

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More Information

Depositing User: Yahaya Alhassan

Identifiers

Item ID: 15585
URI: http://sure.sunderland.ac.uk/id/eprint/15585

Users with ORCIDS

ORCID for Yahaya Alhassan: ORCID iD orcid.org/0000-0001-6700-635X
ORCID for Samuel Salia: ORCID iD orcid.org/0000-0002-5651-5009

Catalogue record

Date Deposited: 10 Jan 2023 10:05
Last Modified: 24 Jan 2023 10:00

Contributors

Author: Yahaya Alhassan ORCID iD
Author: Samuel Salia ORCID iD
Author: Geoff Paul
Author: Uzoechi Nwagbara

University Divisions

University of Sunderland in London

Subjects

Business and Management > Accounting and Finance

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