The Ministry of Finance and Economic Planning in Ghana has recognized the need to support the rural economy in Ghana as a means of improving inclusive finance and economic growth in the country. You have been selected as the main consultant to assist the government. The ministry expects you to perform the following functions. Question 1: You are to evaluate the existing role of APEX Bank in the Rural and Community Banks in Ghana. Question 2: Examine the effect of COVID-19 on the activities of Rural and Community Banks, including microfinance institutions, in Ghana. Question 3: Discuss the challenges confronting Microfinancing Institutions in Ghana and provide a strategic approach to solve them.
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To evaluate the existing role of APEX Bank to the Rural and Community Banks in Ghana, the following steps can be taken: Show more…
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You are interested in predicting the value of expenditures on food by a household for the year 2023. You have documented following information showing the value of food expenditures (Ghana Cedis) made by a particular household for the previous seven years: Year 2016 2017 2018 2019 2020 2021 2022 Medical Claims GHS405,642 GHS407,180 GHS408,203 GHS410,083 GHS411,085 GHS412,200 GHS414,044 i) Provide a 2-year moving average forecast of medical claims for the period up to 2023. ii) Use an value of 0.25 to produce a forecast for household food expenditure for the period up to 2023. Set . iii) Compute the MAD value for the moving average forecast in question (i) and the exponential smoothing forecast in question (ii) for the years. iv) Provide a forecast for medical claim for year 2024 using the best model according to the MAD analysis in question (iii).
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(Related to the Making the Connection on page 264 ) An article in the Economist on the revisions to Nigeria's GDP commented, "The GDP revision is not mere trickery. It provides a truer picture of Nigeria's size by giving due weight to the bits of the economy, such as telecoms, banking and the Nollywood film industry, that have been growing fast in recent years." a. What does the article mean by "giving due weight" to the sectors of the economy that have been growing quickly? b. How did the Nigerian National Bureau of Statistics accomplish the task of giving these sectors their due weight? c. Why does making this change in calculating GDP provide a truer picture of the size of Nigeria's economy?
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