Question

Discuss the role of financial intermediary in the development of Ghana

Answer 1

Role of financial intermediaries in development of Ghana is as follows-

A. Financial intermediaries has provided large number of opportunities for the citizens of Ghana to invest their money into the development of the country and other instruments and maximize their overall rate of return.

B. financial intermediaries had also insured an optimum facility of liquidity and credit availability at lower cost so it has helped various sections of society to have an access to the funds and capital.

C. financial intermediaries are also facilitating foreign capital inflows and foreign direct investment into Ghana so it is leading to development of Ghana.

D. financial intermediaries are also protecting the interest of various stakeholders and they are also ensuring optimum safety to the funds of various shareholders and investors and ensuring an environment of faith and secured transactions.

E. financial intermediaries are also helpful for the central bank of Ghana in maintenance of the appropriate monetary flow and they are channelising various monetary resources.

F. Financial intermediaries are also helping in maintaining adequate transparency and proper disclosure norms for various Companies listed on the stock exchanges in Ghana

G. financial intermediaries are also helpful for supporting the government in fair implementation of various regulation so that it can control the economy in a better manner.