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Access to micro-finance and IMT promotion: an integrated approach to poverty reduction in rural Ghana

Published by:
Publication date
Type of Publication:
Working Papers & Briefs
Focus Region:
Sub-Saharan Africa
Focus Topic:
Rural Finance / Insurance
Type of Risk:
Managerial & operational
Quansah, S.

A working definition adopted by ISSER (1979) states that poverty is the lack of access to basic necessities of life including food, clothing, and shelter. By extension, poverty is attributed to the lack of access to both economic and social services. Low productivity in agriculture resulting in low incomes, and poor access to social infrastructure could well be assumed to be some of the major causes of poverty among rural people in Ghana. Attempts to address poverty among rural households in Ghana should, therefore, focus on raising average income levels through income-generating activities and increased agricultural production, and improved access to social services such as markets, schools, clinics, etc.