The Emerging Role of Financial Intermediaries in the Financial Market of GhanaNii Ardey Tagoe*
Export Trade, Agricultural and Industrial Development Fund, ACCRA, Ghana
- *Corresponding Author:
- Nii Ardey Tagoe
Export Trade, Agricultural and Industrial
Development Fund, ACCRA, Ghana
Tel: 0302 234668
E-mail: [email protected]
Received Date: August 22, 2016; Accepted Date: September 14, 2016; Published Date: September 24, 2016
Citation: Tagoe NA (2016) The Emerging Role of Financial Intermediaries in the Financial Market of Ghana. Bus Eco J 7: 253. doi: 10.4172/2151-6219.1000253
Copyright: © 2016 Tagoe NA. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Financial intermediaries at the center of the financial system perform the function of reallocating the surplus resources of household units to other economic units with funding needs. Savers wants to lend on short term and borrowers want to borrow on long term. Financial intermediaries have emerged from the traditional banking to more sophisticated intermediaries such as investment banks, pension funds, venture capital funds, mutual funds and hedge funds due the market imperfection and information asymmetry. This paper discusses the emerging role of financial intermediaries in the financial market in Ghana.