Date of Award
Master of Arts
Dr. Christopher Scott Smith
Dr. Benjamin Ofori-Amoah
Dr. Alhassan Gariba Abdul-Muhmin
Masters Thesis-Open Access
Credit card systems offer economic advantages to many families and individuals across the globe. In economically developed countries and most emerging ones, the credit card system helps individuals, businesses, and even government agencies, speed up business transactions and access to short term loans. However in developing countries such as Ghana this is not the case. The result is that many people find it very difficult to buy goods and services without having cash at hand. Moreover a vast majority of people have to carry bags of money to travel across cities, towns and villages in the country to trade and this result in frequent robberies on highways and even within cities. This project investigates why this is the case and how a widespread use of credit card system might be implemented. Specifically, this study examines advantages and disadvantages of the credit card system, the awareness of credit cards among Ghanaian consumers, the perception of credit cards among Ghanaian consumers and professional bankers, the obstacles to the implementation of credit cards in Ghana, and what needs to be done to implement such a system and make recommendations for implementation.
Andoh, Emmanuel, "Credit Card System in Ghana: An Investigation of Why Credit Cardsare Not Widely Used in Ghana and How Widespread Use May Be Implemented" (2014). Master's Theses. 485.