Financial Sector Development, Savings Mobilization and Poverty Reduction in Ghana

Peter Quartey ()

No RP2005-71, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The paper primarily investigates the interrelationship between financial sector development and poverty reduction in Ghana. This is done using time-series data from the World Development Indicators from 1970-2001. The main findings are, first, that even though financial sector development does not Granger-cause savings mobilization in Ghana, it induces poverty reduction; and second, that savings do Granger-cause poverty reduction in Ghana. Also, the effect of financial sector development on poverty reduction is positive but insignificant.

Keywords: Finance infrastructure; Poverty; Saving and investment (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (48)

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