Abstract:
The encouragement by the Central Bank to be established more Rural Banks in Ghana was meant to empower the rural people economically by making credits easily available to them through rural banks to improve their standards of living and contribute to the development of their communities. Notwithstanding the proliferation of Rural Banks in several parts of Ghana, rural poverty continues to puff up.
Description:
The English word poverty came from the Latin word “pauper” which means poor. The concept does not avail itself to a singular definition; definitions of poverty are as several as its dimension. Although it has been a constant presence in man’s history, Schwartzman (1998:1) argues that “its meaning has changed through time” and largely depends on “the context of the situation and views of the person giving the definition. In the view of House (2011) the phenomenon is “complex”.
