Finansal düzenlemelerin Gana'daki mikrofinans kurumlarının sürdürülebilirliği üzerindeki, etkisi üzerinde makaleler

This thesis was made up of a collection of articles on "impact of financial regulations on the microfinance institutions sustainability in Ghana". It comprises five related articles and the entire thesis is structured into nine chapters. The first article focused on impact of regulations and policies on microfinance sector development. The results revealed that regulations and policies have negative & positive impacts on the sector. They contributed immensely towards the institutions development through training and capacity building, protecting depositors, ensuring financial soundness and financial inclusion. Article two examined the factors that determine the sustainability of microfinance institutions. The results show that the factors are positively and significantly driven by minimum capital requirement, credit default, policies, and capital structure. The third article assessed the challenges facing microfinance and financial regulations operations. The results of the paper demonstrated microfinance challenges as not complying with regulatory guidelines, improper risk management, poor technology, high transactional cost, and lack of Government support. While examines the challenges facing financial regulations as cost of regulations, political influence, inadequate staff, and poor information dissemination. In article four, microfinance role in poverty reduction, employment creation, and income-generating-activities was elaborated. The result indicate microfinance has impacted positively and significantly on customers through employment creation, reducing poverty, income generations, and households' well-being. The final article discussed the effects of microfinance institutions program on SMEs financing which concluded that: Microfinance has a positive effect on SMEs financing, and the major financial institution that supports SMEs with credit in Ghana. Keywords: Financial regulations, Microfinance institutions, Sustainability, Poverty reduction, Employment creation.