Immigrant trade research proposes five policy actions for financial inclusion

The brief further proposed using established ethnic and trade networks as potential channels for financial literacy, compliance education, data gathering and referrals to formal financial services.

It found that many migrant traders entered street retailing because they lacked alternative livelihood opportunities and that they relied largely on informal financing networks rather than formal financial institutions.25, GNA – A research on West African itinerant immigrant traders has proposed five policy actions for the government to consider to improve financial inclusion and promote the formalisation of migrant businesses in Ghana.