Aryeetey, E.
(1992)
The relationship between the formal and informal sectors of the financial market in Ghana.
Project Report.
University of Oxford, Centre for the Study of African Economics, Oxford, UK.
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Abstract
The study applies both descriptive and analytical methods to observed trends in the relationship between formal and informal sectors.In view of the abundance of primary data which indicate the responses and attitudes of savers, borrowers, small investors, etc., and the dearth of suitable macroeconomic data, the analysis is limited to conceptualizing expected behaviour of various actors and assessing the extent to which observedbehaviour conforms to these. Such observed behaviour is then explained and policy implications highlighted. The work is presented in four sections. Following this introductory section, Section II studies linkages in the credit market, based on three scenarios of (a) a competitive relationshipbetween the two segments;(b) a complementary relationship between them; and (c) the formal sector channeling its resources through the informal sector in order to research borrowers. Section III studies the observed linkage in savings mobilization, highlighting the use of deposit facilities ofbanks by susu collectors in Accra. In Section IV, the policy implications of the above observations are discussed
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