The Impact of commercial banks development on economic growth in Zimbabwe from 2017-2021

Author

Chizimba, Dean

Title

The Impact of commercial banks development on economic growth in Zimbabwe from 2017-2021

Abstract

This research aimed at investigating the impact of commercial bank development on economic growth in Zimbabwe from 2017 to 2021. The objectives of the study were to investigate the impact of commercial banks development on economic growth in Zimbabwe, to determine the relationship between commercial banks development and economic growth in Zimbabwe, to determine if commercial banks development can help in attaining economic growth in Zimbabwe and to establish the feasibility of using the commercial banking sector in achieving economic growth in Zimbabwe. Descriptive research design was used. Secondary data from RBZ, Zimstats and World bank was also used in the study and findings were presented using graphs and tables. Findings from the study established that there is a positive relationship between commercial banks development and economic growth in Zimbabwe, and it is feasible to use commercial banks to achieve economic growth in Zimbabwe. The study concluded that commercial banks development has an impact on economic growth in Zimbabwe. The study recommended that monetary policy authorities should try and come up with policies that can better help the country to fully utilize commercial banks to speed economic growth in Zimbabwe.

Date

June 2022

Publisher

BUSE

Keywords

Banking Sector,

Economy,

Gross Domestic Product,

Supervisor

Mr. Njanike,