Strategic responses of microfinance institutions to the Coronavirus disease (Covid-19) crisis in Ghana

Datos Bibliográficos

ID7744342
AutoresT Yeboah (0000-0002-3284-8976, Hydroacoustics (United States), autor de correspondencia), Ernestina Fredua Antoh, Emmanuel Kumi (0000-0001-8318-8499, Twitter (United States))
Año2022
Volumen32
Número1
Páginas112-127
Fecha de publicación2022-01-02
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaDevelopment in Practice (JOURNAL)
Identificadores de la revistaISSN: 0961-4524 • E-ISSN: 1364-9213
EditorialInforma UK Limited (PUBLISHER • GB)
DOI10.1080/09614524.2021.1991890
OpenAlexW3212672656
IdiomaEN
Citas recibidas2
Referencias citadas14

This paper examines the impacts of COVID-19 on MFI operations and the response measures taken by MFIs in Ghana. Data from interviews shows that MFIs are faced with operational difficulties as a result of the crisis: inability to disburse new loans and collect loan repayments which is leading to increase in portfolios at risk, increased operational costs, and bottlenecks with non-financial service delivery. Reduction in lending and rescheduling of outstanding loan repayments, adoption of flexible working arrangements, and use of digital technologies are key response measures taken by the MFIs although the scale of implementation differed considerably by contextual factors

2019-20 coronavirus outbreak · Business · Disease · Economic growth · Economics · Financial system · Geography · Loan · Microfinance · Service delivery framework · FinTech, Crowdfunding, Digital Finance · Medicine · Microfinance and Financial Inclusion · Urban and Rural Development Challenges · Finance · Marketing