Provision Of Credit Facilities By Rural Banks And Its Contribution To Secondary Education In Ghana: A Case Of Ejisu-Juaben Municipality

ABSTRACT

This study investigated the provision of credit facilities by the Rural Banks and its contribution to Secondary Education in Ghana using Ejisu-Juaben Municipality as a case study. Thirty-six participants comprising of 5 respondents from the 3 rural banks constituting 15 respondents, and 3 respondents from each of the 7 senior high schools selected which also constituted 21 respondents consisted the sample size. A descriptive survey design was used with interview guide and questionnaires as instruments for data collection. Questionnaires were given to the rural bank operators to seek their views on whether the rural banks have been providing credit facilities to support the senior high schools in their catchment areas. The results indicated that the rural banks have provided adequate credit facilities to the senior high schools. The headmasters in the various senior high schools were also given questionnaires on the impact of these credit facilities towards development in their schools. The results indicated that there has been an impact of the credit facilities towards the development of the school. A relationship between the level of credit facilities provided by the rural banks and the level of impact created towards developmental change in the rural senior high schools was also ascertained. The results indicated a weak direct positive insignificant relationship between the rural banks level of credit facilities and the senior high schools level of developmental change, r (36) = .274, p >0 .05, two–tailed. It was therefore recommended that the other financial institutions apart from the rural banks should emulate from the rural bank‟s support for the senior high schools and do same particularly in the northern sector where school feeding grants normally delays.