Microfinance not a silver bullet for Africa: Nigeria, Ghana governors


Enhancing access to credit by licensing microfinance institutions will not, in and of itself, boost West Africa's economy, Sanusi Lamido Sanusi, the governor of the Central Bank of Nigeria, and Kwesi Bekoe Amissah-Arthur, the governor of the Bank of Ghana, have told CentralBanking.com.

"The problem is that all these financing mechanisms only work within the context of a genuine commitment from government and a developmental strategy," Sanusi said in an interview last Wednesday.

Microfinance invo

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: