Profile of Key Aspects of the Socio-Cultural Life of Communities in Northern Ghana (1983–2023)

This study explores the socio-cultural dynamics and the role of banking institutions in the Northern Region of Ghana, focusing specifically on the Tamale and Sagnarigu Metropolises. Employing a positivist philosophy, the research utilizes a qualitative approach, guided by an exploratory design as outlined by Creswell (2014). The study implements stratified sampling to ensure a diverse representation of perspectives, gathering data through interviews and focus-group discussions. Content analysis, narrative analysis, and documentary analysis are employed to analyze the collected data comprehensively. The findings indicate that banks in Ghana play a pivotal role in fostering financial inclusion and community development. Specifically, they contribute to the socio-cultural life of the region by expanding their branch networks, supporting essential infrastructure projects, and providing scholarships that enhance educational opportunities. However, the study also highlights gaps in implementing Corporate Social Responsibility (CSR) initiatives among private banks, particularly concerning their engagement with local governance and cultural practices. In conclusion, the research underscores the significant impact of banking institutions on the socio-cultural fabric of Northern Ghana and emphasizes the need for banks to enhance their CSR strategies. Recommendations suggest that banks should continue to strengthen their CSR initiatives by integrating sustainable practices and expanding their support for education, thereby fostering a more inclusive and culturally sensitive approach to community development. This study provides valuable insights for policymakers, bank managers, and researchers interested in the intersection of finance, culture, and social responsibility in emerging economies.