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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/1117

Title: The impact of inward remittances on households: a case study of Merchant Bank Ghana Limited customers
Authors: Asare-Bediako, Amankwa
Issue Date: 24-Aug-2008
Series/Report no.: 4815;
Abstract: The study seeks to find out the impact of remittances on the livelihood of the recipients in Ghana. It also seeks to identify the problems in the operations of inward remittances in Ghana with special emphasis on Merchant Bank Ghana Limited. Thirdly, the study will find out how Merchant Bank has been trying to solve these problems. Finally, the study advances appropriate recommendation to Merchant Bank, the Bank of Ghana and other stakeholders with a view to improving the operations of remittances in Ghana. The study used a sampling size of one hundred (100) clients of Merchant Bank who receive remittances through the Bank among four (4) of its payment centers at Accra, Kumasi, Konongo and Bibiani. The findings revealed that remittance is playing an important role in the lives of many households in Ghana in financing of education, building projects, and trading activities and in many instances remittances constitute over 50% of recipients sources of income. It also found out that people still use informal means for remitting money to the country. Among the recommendations made was the introduction of national identification cards to enable recipient get ID cards as a form of identification. It was also suggested that Merchant Bank should open more payment centers like Western Union to reduce the length of traveling by recipients in order to receive the transfers.
Description: A long essay submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirements for the degree of Master of Business Administrattion (Banking and Finance), 2008
URI: http://hdl.handle.net/123456789/1117
Appears in Collections:College of Arts and Social Sciences

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