International Journal of Academic Accounting, Finance & Management Research (IJAAFMR)
  Year: 2020 | Volume: 4 | Issue: 7 | Page No.: 102-117
The Relationship Between Microfinance Institutions Poverty Alleviations And Unemployment In Ghana
Dr Ramatu Ussif, Associate. Prof. Dr Murat Ertu?rul, Prof. Dr Metin Coskun, Associate. Prof. Dr Ismail Onur Baycan

Abstract:
Microfinance institution in Ghana is a very great instrument in poverty alleviation, reduction in unemployment, and the institution help greatly to the economic development of the country. Through microfinance institutions, the clients are provided with both financial and non-financial services and the are offered with credit which helps them to do a variety of businesses. This paper discussed the relationship between Microfinance institutions, poverty alleviation and unemployment in Ghana. The study used a questionnaire and one hundred (100) clients and management of the institution were interviewed on the subject matter. The data were analyzed using SPSS with the support of descriptive statistical tools like tables, numbers, frequency, percentages, histogram, pie chart, and many more. The result of the study reveals a strong positive relationship between microfinance institutions, poverty alleviation and unemployment in Ghana. Again, the study indicated that Microfinance institutions in Ghana via the credit/loans issued to their customers help the clients to engage in income-generating activities, get profit and this help reduce their poverty levels and increase their living standards. The study recommends that the clients should repay their loans for the sustainability of the institutions and other customers to also benefit from the scheme. Finally, it was concluded that, for microfinance institutions to exist for a long period and served its purpose, the government, policymakers and all stakeholders must support the institutions.