Comparative review of microfinance regulatory framework issues in Benin, Ghana and Tanzania

The working paper presents findings of an investigation into microfinance regulatory regimes which identified key issues and lessons on how the regulatory framework affects integration of microfinance institutions into the financial system in Benin, Ghana and Tanzania. The paper uses the three case studies to highlight the importance of differentiating when prudential supervision is warranted and when regulatory oversight suffices, and further identifies the agencies to carry out the regulation.