Tag Archives: Nnoboa

COMMUNAL NON-FORMAL FINANCIAL MARKET SYSTEM DEVELOPMENT: A MODEL FOR NNOBOA MARKET SYSTEM (Published)

Communal market system of mobilizing resources or funding has been with the indigenous people in the past. In Africa, particularly in Ghana it has been with the traditional people up to today. As we find it had to move the economy as a whole up, the indigenous people through this means are making it up in life. The problem has been with the impulsion of the western capitalism, which thrives on greed and individualism. This article gives reasons why Ghana should introduce a second financial market with traditional flavor. It recommends the modification of the old land marks, nnoboa, with modern technology which thrived through trust, communality and reciprocity that worked before the invasion of the land by the west to force us into capitalism

Keywords: Capitalism, Development, Ghana, Market, Nnoboa, synergy

A CONCEPTUAL FRAMEWORK FOR ENCOURAGING EDUCATIONAL INVESTMENT THROUGH “NNOBOA” IN GHANA (Published)

Traditionally, using “Nnoboa”, a mutual-aid, for small number of people has worked miracles to improve standard of living and quality of life of rural dwellers. Dadson [3] points out that the concept has been developed into a multi-purpose network-based theory of raising social capital. The need to use it nationwide has not been tested. With the technology such social networking, future educational investment could be implemented to help the poor to work together to achieve synergy that uplifts the quality of life. We propose a conceptual model that shows how to accelerate individual and institutional development of society through careful implementation of the “Nnoboa” or mutual-aid concept

Keywords: Educational Investment, Ghana, Nnoboa