THE IMPACT OF RURAL BANKS IN RURAL DEVELOPMENT IN GHANA

BAWUAH, BERNARD; BOACHIE, FERDINAND; MANTEAW, LORD; OTOO, MACLEANA; BROBBEY, HATHIA

DSpace Home
→
STUDENTS’ FINAL PROJECT (THESIS/DISSERTATION)
→
SCHOOL OF BUSINESS- ST
→
Business Administration -ST
→
View Item

dc.contributor.author	BAWUAH, BERNARD
dc.contributor.author	BOACHIE, FERDINAND
dc.contributor.author	MANTEAW, LORD
dc.contributor.author	OTOO, MACLEANA
dc.contributor.author	BROBBEY, HATHIA
dc.date.accessioned	2012-12-04T09:28:55Z
dc.date.accessioned	2022-01-20T10:38:52Z
dc.date.available	2012-12-04T09:28:55Z
dc.date.available	2022-01-20T10:38:52Z
dc.date.issued	2012-12-04
dc.identifier.uri	http://localhost:8080/xmlui/handle/123456789/30143
dc.description	Basically rural banks are established to provide banking services to rural communities in which they operate. Rural banks channel its investments mainly in the agricultural sector of the economy and in small and medium scale enterprises. It also contributes in sectors such as Currently the Ghanaian population is estimated to be 24.5 million with 49% in the rural areas and 51% in the urban centers (2010 population census according to www.cia.gov/library/publications/the-world-factbook/geos/gh.html).The government of Ghana seeks to raise the living standards of the people in the rural areas and encourage the culture of savings and is therefore encouraging the establishment of more rural banks in the rural areas. In general terms, rural development is the actions and initiatives taken to improve the standards of living in an urban neighborhood, countryside and remote villages (source- U.S dept of agriculture). Rural development actions mostly aim at the social and economic development of these areas. Since rural development is very broad, this research will be narrowed to credit accessibility aspect and how rural banks perform in that direction.	en_US
dc.description.abstract	This research aims to look at the impact of rural banks in the development of the Ghanaian rural economy. According to the Moshi Conference, (1969), held in Tanzania, the purpose of rural development is to achieve “A rise in the standard of living and favorable changes in the way of life of the people concerned”. Thus, the Rural and Community Banking (RCBs) system was promoted by the Bank of Ghana some 32 years ago when it opened a dialogue with the Ministry of Finance about what was called junior league of banking institutions to serve the special needs of the rural population in Ghana and to fill the financing gap which had been created in the rural community as a result of the failure on the part of the main commercial banks to penetrate the rural economy.	en_US
dc.subject	IMPACT	en_US
dc.subject	BANKS	en_US
dc.subject	DEVELOPMENT	en_US
dc.subject	KUMAWUMAN RURAL BANK	en_US
dc.title	THE IMPACT OF RURAL BANKS IN RURAL DEVELOPMENT IN GHANA	en_US
dc.title.alternative	A CASE STUDY ON KUMAWUMAN RURAL BANK LTD	en_US
dc.type	Thesis	en_US