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Keywords:

  • credit union;
  • savings;
  • male members;
  • female members;
  • microfinance

Abstract

The study explores the determinants of credit union (CU) savings in Ghana and finds that credit risk, assets (size) and female membership are significant determinants of CU savings. Whereas a rise in CU credit risk increases CU savings, a rise in female membership as well as CU assets is characterised by a fall in CU savings. The study, therefore, argues that CUs in Ghana could maximise their savings if they target their savings- mobilisation campaigns at income-earning men with higher marginal propensity to save coupled with the adoption of an effective and efficient asset management policy. Copyright © 2012 John Wiley & Sons, Ltd.