The University of Ghana (UG) is ranked the highest tertiary institution in Ghana by the Alper-Doger (AD) Scientific Index 2022 Version 2. It also has the first of the top 1,000 scientists in the country with more than 270 scientists appearing in the top 1,000 scientists featured. This was contained…
FDIs critical to driving financial inclusion agenda – Prof Abor The Professor of Finance at the University of Ghana Business School (UGBS), Legon, Prof Joshua Yindenaba Abor, has urged African governments to reinforce efforts at attracting private capital as part of strategies to drive financial inclusion to desired levels. “Appropriate measures are needed to attract more private capital flows, while being mindful of specific characteristics in the domestic economy,” Prof Abor stated. According to Prof Abor, developing countries with underdeveloped financial markets and weak institutions needed more private capital flows in order to drive inclusive financial development. Financial services could be extended to sectors or areas that were hitherto financially excluded, adding that “we expect intuitively that private capital flows, be it FDIs, portfolio flows or debt can stimulate the supply of funds to these economic agents.”
More private capital flows needed to drive financial inclusion — Study
Finance expert, Prof Joshua Yindenaba Abor, has said policy interventions should be directed at attracting more private capital flows, especially FDI, in markets with less developed financial markets and weak institutions to drive financial inclusion.
Delivering a virtual lecture on the topic ‘Private Capital Flows and Inclusive Finance: The Moderating Roles of Domestic Financial Markets and Institutions,’ at the Centre for Global Finance, School of Finance and Management, SOAS University of London, he said although global financial inclusion improved by about 18% between 2011 and 2017, many people especially the poor, are still financially excluded.