%0 Journal Article
	%A Chidera G. Eze and  Kennedy K. Abrokwa and  Chimaobi V. Okolo
	%D 2016
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 110, 2016
	%T Financial Deepening and Economic Growth Dynamics: Empirical Evidence from the West African Monetary Zone
	%U https://publications.waset.org/pdf/10004113
	%V 110
	%X This paper empirically examines the dynamic relationship between financial deepening and economic growth in a monetary union. We find positive but weak evidence of impacts of financial deepening on growth for Gambia, Gabon and Sierra Leone. There is no evidence of any positive significant impact for Ghana and Nigeria. We argue that, the weak evidence between financial deepening and economic growth can be a consequence of the inability of assessing credit (long-term loans), credit worthiness, lack of information and low level of bank deposits by the private sector despite the improvement in the financial sector.

	%P 664 - 674