Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region)

Owusu Alfred; Amo Francis

doi:doi:10.11648/j.ash.20160203.11

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Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region)

Owusu Alfred, Amo Francis

Published in Advances in Sciences and Humanities (Volume 2, Issue 3)

Received: 26 September 2016 Accepted: 28 October 2016 Published: 23 November 2016

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Abstract

Micro financial institution undoubtedly helps to bridge the gap between the rich and the poor in the community. This is because the poor gets financial assistance through the various products rolls out by these institutions and therefore being termed as banking for the poor, and Nkoranza municipality has been left out. However, MFIs in the Nkoranza municipality have been a source of worry as most of these institutions have folded up less than five years of their establishment. It is against this backdrop that the study focuses on the effects of poor supervision on the sustainability of MFI in Ghana. Both primary and secondary sources of data as well as interview guide were used for the study. The study find out that the main causes of this menace is about poor internal and external supervision by both management and the regulatory bodies on the activities of these failed MFI. Diversion of funds as well as corrupt practices by management and some officials from Bank of Ghana also accounted for the failure of these MFI.

Published in	Advances in Sciences and Humanities (Volume 2, Issue 3)
DOI	10.11648/j.ash.20160203.11
Page(s)	17-30
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

Micro Financial Institution, Nkoranza, Internal and External Supervision, Bank of Ghana

References

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APA Style

Owusu Alfred, Amo Francis. (2016). Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region). Advances in Sciences and Humanities, 2(3), 17-30. https://doi.org/10.11648/j.ash.20160203.11

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ACS Style

Owusu Alfred; Amo Francis. Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region). Adv. Sci. Humanit. 2016, 2(3), 17-30. doi: 10.11648/j.ash.20160203.11

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AMA Style

Owusu Alfred, Amo Francis. Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region). Adv Sci Humanit. 2016;2(3):17-30. doi: 10.11648/j.ash.20160203.11

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@article{10.11648/j.ash.20160203.11,
  author = {Owusu Alfred and Amo Francis},
  title = {Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region)},
  journal = {Advances in Sciences and Humanities},
  volume = {2},
  number = {3},
  pages = {17-30},
  doi = {10.11648/j.ash.20160203.11},
  url = {https://doi.org/10.11648/j.ash.20160203.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ash.20160203.11},
  abstract = {Micro financial institution undoubtedly helps to bridge the gap between the rich and the poor in the community. This is because the poor gets financial assistance through the various products rolls out by these institutions and therefore being termed as banking for the poor, and Nkoranza municipality has been left out. However, MFIs in the Nkoranza municipality have been a source of worry as most of these institutions have folded up less than five years of their establishment. It is against this backdrop that the study focuses on the effects of poor supervision on the sustainability of MFI in Ghana. Both primary and secondary sources of data as well as interview guide were used for the study. The study find out that the main causes of this menace is about poor internal and external supervision by both management and the regulatory bodies on the activities of these failed MFI. Diversion of funds as well as corrupt practices by management and some officials from Bank of Ghana also accounted for the failure of these MFI.},
 year = {2016}
}

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TY  - JOUR
T1  - Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region)
AU  - Owusu Alfred
AU  - Amo Francis
Y1  - 2016/11/23
PY  - 2016
N1  - https://doi.org/10.11648/j.ash.20160203.11
DO  - 10.11648/j.ash.20160203.11
T2  - Advances in Sciences and Humanities
JF  - Advances in Sciences and Humanities
JO  - Advances in Sciences and Humanities
SP  - 17
EP  - 30
PB  - Science Publishing Group
SN  - 2472-0984
UR  - https://doi.org/10.11648/j.ash.20160203.11
AB  - Micro financial institution undoubtedly helps to bridge the gap between the rich and the poor in the community. This is because the poor gets financial assistance through the various products rolls out by these institutions and therefore being termed as banking for the poor, and Nkoranza municipality has been left out. However, MFIs in the Nkoranza municipality have been a source of worry as most of these institutions have folded up less than five years of their establishment. It is against this backdrop that the study focuses on the effects of poor supervision on the sustainability of MFI in Ghana. Both primary and secondary sources of data as well as interview guide were used for the study. The study find out that the main causes of this menace is about poor internal and external supervision by both management and the regulatory bodies on the activities of these failed MFI. Diversion of funds as well as corrupt practices by management and some officials from Bank of Ghana also accounted for the failure of these MFI.
VL  - 2
IS  - 3
ER  -

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Author Information

Owusu Alfred

Marketing Department, Kumasi Technical University, Kumasi, Ghana
Amo Francis

Marketing Department, Kumasi Technical University, Kumasi, Ghana

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APA Style

Owusu Alfred, Amo Francis. (2016). Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region). Advances in Sciences and Humanities, 2(3), 17-30. https://doi.org/10.11648/j.ash.20160203.11

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ACS Style

Owusu Alfred; Amo Francis. Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region). Adv. Sci. Humanit. 2016, 2(3), 17-30. doi: 10.11648/j.ash.20160203.11

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AMA Style

Owusu Alfred, Amo Francis. Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region). Adv Sci Humanit. 2016;2(3):17-30. doi: 10.11648/j.ash.20160203.11

Copy | Download

@article{10.11648/j.ash.20160203.11,
  author = {Owusu Alfred and Amo Francis},
  title = {Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region)},
  journal = {Advances in Sciences and Humanities},
  volume = {2},
  number = {3},
  pages = {17-30},
  doi = {10.11648/j.ash.20160203.11},
  url = {https://doi.org/10.11648/j.ash.20160203.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ash.20160203.11},
  abstract = {Micro financial institution undoubtedly helps to bridge the gap between the rich and the poor in the community. This is because the poor gets financial assistance through the various products rolls out by these institutions and therefore being termed as banking for the poor, and Nkoranza municipality has been left out. However, MFIs in the Nkoranza municipality have been a source of worry as most of these institutions have folded up less than five years of their establishment. It is against this backdrop that the study focuses on the effects of poor supervision on the sustainability of MFI in Ghana. Both primary and secondary sources of data as well as interview guide were used for the study. The study find out that the main causes of this menace is about poor internal and external supervision by both management and the regulatory bodies on the activities of these failed MFI. Diversion of funds as well as corrupt practices by management and some officials from Bank of Ghana also accounted for the failure of these MFI.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Effects of Poor Supervision on the Sustainability of Micro-Financial Instutions in Ghana (A Focus on Nkoranza Municipality in the Brong Ahafo Region)
AU  - Owusu Alfred
AU  - Amo Francis
Y1  - 2016/11/23
PY  - 2016
N1  - https://doi.org/10.11648/j.ash.20160203.11
DO  - 10.11648/j.ash.20160203.11
T2  - Advances in Sciences and Humanities
JF  - Advances in Sciences and Humanities
JO  - Advances in Sciences and Humanities
SP  - 17
EP  - 30
PB  - Science Publishing Group
SN  - 2472-0984
UR  - https://doi.org/10.11648/j.ash.20160203.11
AB  - Micro financial institution undoubtedly helps to bridge the gap between the rich and the poor in the community. This is because the poor gets financial assistance through the various products rolls out by these institutions and therefore being termed as banking for the poor, and Nkoranza municipality has been left out. However, MFIs in the Nkoranza municipality have been a source of worry as most of these institutions have folded up less than five years of their establishment. It is against this backdrop that the study focuses on the effects of poor supervision on the sustainability of MFI in Ghana. Both primary and secondary sources of data as well as interview guide were used for the study. The study find out that the main causes of this menace is about poor internal and external supervision by both management and the regulatory bodies on the activities of these failed MFI. Diversion of funds as well as corrupt practices by management and some officials from Bank of Ghana also accounted for the failure of these MFI.
VL  - 2
IS  - 3
ER  -

Copy | Download