II. Matrix for Evaluating Results Indicators for Improved Financial Intermediation

Task 2 Results

INDICATOR

D

O

A

Q

S

P

R

a  An expansion of viable

Numbers and types of

3

3

2

2

N

2

3

financial instruments used

financial instruments

in Ghana

Interest rates

2

2

1

3

N

3

3

Savings and investment

2

2

1

3

1

2

2

Inflation rate

1

2

1

3

N

3

2

b. A more aggressive and

Amounts of loans, especially

2

2

2

3

2

2

2

competitive financial

to private sector

services sector

Interest rates

1

2

2

3

N

3

2

Savings & investment

1

2

2

3

2

2

2

c. An increase in net

Volume of loans to private

3

3

2

3

2

2

2

domestic credit provided to sector

the private sector

Proportion of credit to the

3

3

3

3

2

2

2

private sector

Interest rates

1

1

2

3

2

3

3

Size and length of typical

2

2

1

1

2

2

2

private sector loan

d. A decrease in enterprises Interviews with businesses

3

3

2

N

2

3

2

citing self financing as a

including microbusinesses

primary source of funds for

Listings on stock market

2

2

1

2

2

3

3

expansion

e. Increased linkages

Foreign direct investment

3

3

3

3

2

3

3

between Ghanaian financial

Stable and realistic exchange

2

3

2

3

2

2

2

system and the global

rates

financial system

Strategy for improved

1

3

2

N

N

2

2

monetary management

Rate of inflation

1

3

2

3

N

3

2

D=Direct, O=Objective, A=Adequate, Q=Quantitative, S=Disaggregated, P=Practical,

R=Reliable;   Ratings are: 3=Strong, 2=Medium, 1=Weak, N=Not Applicable

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