Synthesis of Microfinance and Technical Efficiency: Implications for Poverty Reduction in Ghana

Samuel Erasmus Alnaa () and Ferdinand Ahiakpor
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Samuel Erasmus Alnaa: Department of Accountancy, Bolgatanga Polytechnic, Bolgatanga, Ghana
Ferdinand Ahiakpor: Department of Economic and Econometrics, University of Johannesburg, South Africa

Research in Applied Economics, 2015, vol. 7, issue 1, 13-25

Abstract: This paper uses field survey data to assess the mechanism through which microfinance can reduce poverty among rural households in the Upper East Region of Ghana. Data was collected from 500 women engaged in agro processing of whom 250 were beneficiaries of microfinance. The results from the Ordinary Least Square estimation reveal that an increase in technical efficiency of microfinance beneficiary has a positive impact on poverty reduction. In this regard, microfinance institutions are edged to incorporate training and business advisory services as part of their service delivery so as to make their clients more technically efficient.

Keywords: Microfinance, Poverty reduction, Synthesis; Technical Efficiency (search for similar items in EconPapers)
JEL-codes: C2 D13 D14 G00 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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