In line with the requirement of attaining a doctoral degree, Ms. Eunice Stella Nyarko, a student from the Department of Finance of the University of Ghana Business School on 9th May 2019, successfully presented and defended her PhD thesis at the Addison Hall, Bank of Ghana Auditorium at the Department of Economic on 9th May 2019.
Ms. Nyarko’s paper which was on the topic “Financial Inclusion, Financial Literacy and Inclusive Growth in Africa”, was supervised by Prof. Godfred Alufar Bokpin, Prof. Anthony Q.Q. Aboagye and Prof. Kofi A. Amoateng.
Eunice Stella Nyarko indicated that her study was aimed at evaluating the nexus between financial inclusion, financial literacy and inclusive growth in Africa. Specifically, she sought to ascertain the extent of financial inclusion and inclusive growth in Africa. Her second objective was to examine the connection between financial inclusion and inclusive growth. Additionally, she investigated the relationship between financial literacy and inclusive growth in developing countries, particularly Ghana. Finally, Ms. Nyarko examines how financial institutions can serve as channels through which financial literacy can stimulate financial inclusion.
Deducing from current data, the findings from her study revealed that financial inclusion in Africa remains low. It also established that financial literacy has a positive and statistically significant impact on participation dimension of inclusive growth amongst other findings. The study contributes to practice and literature by expanding the indicators used to compute financial inclusion index to include remittances and withdrawal which would allow a more efficient and comprehensive result.
Ms. Eunice Stella Nyarko expressed her gratitude to the Almighty God, her supervisors and colleagues for their immense support.
The University of Ghana Business School congratulates Ms. Eunice Stella Nyarko for a successful PhD Viva.
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