Analysis and Development of an Adoption Framework and implementation Roadmap for theMigration of Microfinance Institutionsin Accra Ghana to Cloud Computing

Abstract

The Microfinance sector remains a key support for the informal sector in Ghana, providingit with a range of unique savings, investments, loan products and services. The key players include banks and non-bank financial institutions. The major challenge Microfinance Institutions face is that they operate ina market thatiscompetitive and dynamic with customer preferences changing all the time as well as increaseddemands by their regulators. To be able to meet up with these challenges and remain competitive, theyneed to embrace innovative technologies such as cloud computing. Cloud computing is not the future or an emerging trend anymore; it is the present and it constitutes a critical tool for financial institutions to stay competitive in today s challenging business environment due to its robustness, flexibility and scalability.