Financial Inclusion; Necessity for Ghana and Beyond

How many people in the rural communities have access to financial services in Ghana?

Money being the medium of exchange for transnational purposes in an economy,
Some have more and others have less….
Whilst some are privileged to deposit and withdraw from the bank or any financial Institutions
Others are not privileged to do so….

In Ghana, More than 80 percent of the employed are working in the informal sector. Over half of the employed (55.9 %) are self- employed workers; 20.4 percent are employed in family enterprises and 17.6 percent are wage employees.

There are lots of financial institutions across the length and breadth of Ghana, but the economically underprivileged people in some communities may not have proper documents to provide to the banks for verification of identity, and hence may be denied of financial assistance or Loans…..

Financial inclusion is the availability and equality of opportunities to access financial services.
It also intends to help people secure financial services and products at economical prices such as deposits, fund transfer services, loans, insurance, payment services, etc.
It aims to establish proper financial institutions to cater to the needs of the poor people in our communities.

Let’s join Micro Watch in the financial inclusion campaign to include everybody in the society by giving them basic financial services without looking at their income, savings or background.

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