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Sustainability of Microfinance in Ghana: A Theoretical Perspective

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  • Gloria K. Q. Agyapong

Abstract

Microfinance has been a key development tool, and despite the current keen competition within the sub-sector, it continues to grow within the African sub-region. The microfinance sector has over the years thrived and developed into its current state through the help of various reforms in the financial services sector. Due to the increase in the number of microfinance firms in Ghana over the last decade, the monopoly enjoyed by the formal financial sector is being broken with increased competition and the provision of variety of financial products to meet both the financial and non-financial needs of the less privileged. This article discusses some activities related to the provision of micro credits including their products, clients, sustainability, and management issues.

Suggested Citation

  • Gloria K. Q. Agyapong, 2015. "Sustainability of Microfinance in Ghana: A Theoretical Perspective," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 4(3), pages 127-137.
    • Handle: RePEc:rss:jnljee:v4i3p1
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    References listed on IDEAS

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