EVIDENCE ON THE IMPACT OF THE SUSU SCHEME IN GHANA

Michael Adusei and Sarpong Appiah

Global Journal of Business Research, 2012, vol. 6, issue 2, 1-10

Abstract: The study explores the impact of the susu scheme, an informal banking mechanism for daily or weekly collection of deposits prevalent on the West African markets, on small businesses in Ghana. Evidence gathered from the analysis of a randomly-drawn sample size of 1,600 small business owner contributors indicates that their average daily/weekly contribution to the scheme is three Ghana cedis (approximately two US dollars) and that majority of them have seen its positive impact on their businesses. Binomial logistic regression analysis results support the contention that the number of years of contribution, the number of years in business, marital status, the number of dependants, gender and the amount contributed daily or weekly are predictors of the positive impact of the susu scheme on the business of its contributor.

Keywords: Susu, Microfinance; Small business; Impact, Contributors, Ghana (search for similar items in EconPapers)
JEL-codes: G20 G21 G23 (search for similar items in EconPapers)
Date: 2012
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