Mobile Money Market Operations in the Financial Sector: Issues of Financial Inclusion, Savings Mobilization and Investment in Local Economy of Ghana

Mobile Money Market Operations in the Financial Sector: Issues of Financial Inclusion, Savings Mobilization and Investment in Local Economy of Ghana

Kwaku D. Kessey

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Kwame Nkrumah University of Science and Technology

Mobile Money Market Operations in the Financial Sector: Issues of Financial Inclusion, Savings Mobilization and Investment in Local Economy of Ghana

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Abstract

The importance of the financial sector in an economy cannot be overemphasized. Among others, it provides financial resources to support businesses, household consumption as well as public sector investment. However, there is limited access to the facilities provided by the sector in Ghana, hence many people are excluded from benefits that could be obtained from the financial sector. In other words financial exclusiveness is a major challenge in the country. Therefore, introduction of Mobile telecommunication technology and its attendant Mobile Money Market have been received with appreciation to the service providers. Given the modus operandi of the new system it has become necessary to examine the innovation in relation to some variables which influence economic growth as it is expected of activities in the financial sector. Hence some research questions were raised to guide a study in the Mobile Money Market. Has the introduction of Mobile Money Market reduced financial exclusion? To what extent do households use the innovation to mobilize domestic savings? How are the funds in the Mobile Money Market utilized by the owners among others.

References

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

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No ethics committee approval was required for this article type.

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How to Cite This Article

Kwaku D. Kessey. 2019. \u201cMobile Money Market Operations in the Financial Sector: Issues of Financial Inclusion, Savings Mobilization and Investment in Local Economy of Ghana\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 19 (GJMBR Volume 19 Issue C2).

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GJMBR Volume 19 Issue C2

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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GJMBR-C Classification JEL Code: B26

Submission ReceivedDecember 10, 2018
Peer Review Double Blind
Handling Editor
Accepted January 2, 2019
Published January 15, 2019

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v1.2

Issue date

March 23, 2019

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Article Matrices

Total Score: 101

Country: Ghana

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Kwaku D. Kessey (PhD/Dr. count: 0)

View Count (all-time): 151

Total Views (Real + Logic): 2876

Total Downloads (simulated): 1404

Publish Date: 2019 03, Sat

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Total Views: 2876

Total Downloads: 1404

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