It should be noted that the slowdown of BRICS hampers the scope for a speedy recovery of the world economy given the much greater weight of BRICS in the global economy. As we have heard time and again, a combination of proactive countercyclical policies and structural reforms are needed to reinvigorate domestic economies and economic growth.
Financial access to this segment of the society not only helps in improving livelihoods, but also contributes positively to the sustainable development of the country. 6. Within the Ghanaian context, therefore, the potential role of S&Ls in financial intermediation cannot be overemphasized. It is however important to note that intermediation thrives on trust and confidence in the financial system.