Abstract
Purpose : This study examined the relationship between financial regulation of microfinance institutions and their sustainability and outreach from the view point of managers and operation staff in northern Ghana. Methodology : The study used primary data. Purposive and convenient sampling techniques were used in selecting 189 managers and operating staffs across 18 microfinance institutions operating in northern Ghana. In addition, the researchers purposively sampled 5 experienced senior staff from the Bank of Ghana. Data was collected using structured questionnaires, which was personally administered by the researchers and two research assistants. Research assistants were trained by the researchers on the ethics of this study before and during the data collection process. Data collected was analysed using Spearman’s correlation and descriptive statistics. Findings : The study found positive statistically significant relationship between financial regulation and financial sustainability and outreach among managers and operation staff of MFIs surveyed in northern Ghana. The study further found that financial regulations of MFIs in northern Ghana affected sustainability and outreach. Originality : This study adds to the literature on financial regulation and microfinance sustainability and outreach in the context northern Ghana. Limitations : This study is limited to only northern Ghana and not Ghana in its entirety. The study was delayed due to publication processes and other factors and changes might have taken place in the microfinance industry in northern Ghana. However, this notwithstanding, the results of the study are still relevant for publication. Keywords : Financial regulation, Sustainability, Outreach, Ghana, Microfinance institutions. DOI : 10.7176/EJBM/11-25-10 Publication date :September 30 th 2019
Highlights
Several social intervention programmes, including the Livelihood Empowerment against Poverty (LEAP), Capitation Grant, School Feeding Programme, free distribution of school uniforms, exercise books and textbooks, elimination of schools under trees, have been implemented with the aim of alleviating poverty among the vulnerable population in Ghana in the past twenty years
1.1 Research objective The objective of this study is to examine the relationship between financial regulation of Microfinance Institutions (MFIs) and their sustainability and outreach from the view point of managers and operation staff in northern Ghana
5 Conclusions and Practical Recommendations The study found a positive statistically significant relationship between financial regulation and financial sustainability and outreach among managers and operation staff of MFIs surveyed in northern Ghana using Spearman’s correlation and descriptive statistics
Summary
Several social intervention programmes, including the Livelihood Empowerment against Poverty (LEAP), Capitation Grant, School Feeding Programme, free distribution of school uniforms, exercise books and textbooks, elimination of schools under trees, have been implemented with the aim of alleviating poverty among the vulnerable population in Ghana in the past twenty years. Other projects aimed at improving health care delivery have been implemented. These include the establishment of Community-based Health Planning Services (CHPS), national immunization against polio and indoor residual spraying against malaria carrying mosquitoes (Ghana Living Standard Survey Report, 2014). Microfinance is banking for the poor people in society, in particular developing countries including Ghana. Microfinance Institutions (MFIs) are institutions that provide financial services such as credit, savings and insurance to low income clients who traditionally lacked access to credit, banking and related services (Akinosi, Nordlund & Turbay, 2011). MFIs provide financial services to the low-income households in developing countries around the world (Bogan, 2012)
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
