Salary Delays and Overdrafts in Rural Ghana.
- Resource Type
- Article
- Authors
- BUEHREN, NIKLAS; CERETTI, VIRGINIA; DERVISEVIC, ERVIN; GOLDSTEIN, MARKUS; KLAPPER, LEORA; KOROKNAY-PALICZ, TRICIA; SCHANER, SIMONE
- Source
- AEA Papers & Proceedings; May2018, Vol. 108, p449-452, 4p
- Subject
- OVERDRAFTS
PAYDAY loans
INTEREST rates
OVERDRAFT banking
CHECKING accounts
- Language
- ISSN
- 25740768
The article discusses the overdrafts and payday loans as a costly form of short-term credit. Topics discussed include overdrafts and payday loans can provide quick access to credit but at the price of high interest rates, delay in salary sometimes due to electronic payments into their bank account and high cost of overdrafts pose severe burden to government employees in Ghana.