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Evidence On The Impact Of The Susu Scheme In Ghana

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  • Michael Adusei
  • Sarpong Appiah

Abstract

The study explores the impact of the susu scheme, an informal banking mechanism for daily or weekly collection of deposits prevalent on the West African markets, on small businesses in Ghana. Evidence gathered from the analysis of a randomly-drawn sample size of 1,600 small business owner contributors indicates that their average daily/weekly contribution to the scheme is three Ghana cedis (approximately two US dollars) and that majority of them have seen its positive impact on their businesses. Binomial logistic regression analysis results support the contention that the number of years of contribution, the number of years in business, marital status, the number of dependants, gender and the amount contributed daily or weekly are predictors of the positive impact of the susu scheme on the business of its contributor.

Suggested Citation

  • Michael Adusei & Sarpong Appiah, 2012. "Evidence On The Impact Of The Susu Scheme In Ghana," Global Journal of Business Research, The Institute for Business and Finance Research, vol. 6(2), pages 1-10.
    • Handle: RePEc:ibf:gjbres:v:6:y:2012:i:2:p:1-10
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    Susu; Microfinance; Small business; Impact; Contributors; Ghana;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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