Savings Habits of African Women

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The Case of Ghanaian Market Women

African Woman continue to be the "piece of good" fortune to several African children’s growth and development.

Many African Women today, are playing vital roles in the economic development of their various countries.

It is important therefore that the practice of encouraging savings habits starts with the African Market Woman.

Many of these women control huge sums of moneys in circulation in their various countries.

Many African markets, where various goods from staples, groceries, clothing, cosmetics, healthcare products, electrical gadgets and many more are traded, are dominated by women.

There are thousands and even millions of dollars worth of goods changing hands in those markets on daily basis.

The ability for banks and other financial institutions of the African countries to mobilize funds from these market women for savings and subsequently lending to corporations which invest into profitable economic ventures would help in reducing the poverty in the sub-regions and also free these nations from the self imposed neocolonialism - financial and economic dependency on the Western and Asian developed Countries and other International Institutions for aids, grants and loans.

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