Access to Finance

WASTE CREATES JOBS

Creating jobs with waste could ease Ghana’s unemployment, where 40 percent of the country’s population are unemployed. Recycling waste to create jobs will largely depend on government as well as private sector intervention. [read more]

further information about recycling in Ghana online

EDITORIAL: A QUESTION OF ATTITUDE

It is not only the lack of finance that hinders economic development in many African country, but also the attitude of big companies and governments, Sheku Sumaila and Stan Ganzel say. [more]

WHAT DOES FINANCIAL CAPABILITY MEAN?

THE WORK OF A SUSU COLLECTOR

CIMG0068Low income earners in Ghana, such as traders, make daily savings of their income with certain individuals in trust. Their daily deposits depends on how much they can afford, but should be consistent for, at least, a month before withdrawal. This daily money saving is called SUSU in Ghana. Under this scheme, clients do not earn any interest on their deposits, neither can they access loans. [all pictures]

abdullateefMOBILE PHONES REINVENT BANKING

The mobile telephone in the hand is just a tool for communication. But in sub-Saharan Africa the cellular phone is a bank. In Ghana, just like Kenya, the mobile phone is enabling people to send and receive money from their able relatives. The changing mobile telephone usage is literally transforming the financial scene in this West African country and the rest of the African continent, soon it will be easy to transfer cash. [read more]

TRANSFERRING MONEY SOUNDS DIFFERENT NOW

Only ten percent of Ghanaians can safely transfer money through banks. The banks have few branches, and it used to be difficult to send money to relatives in rural areas. But now, the money doesn’t need to go on the road anymore. Yvonne Owusu-Twum reports.

Mobile Money by mfw4ghana

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