"There are many reasons why deeper financial developmentthe increase in deposits and loans but also their accessibility and improved financial sector efficiencyis good for sustainable growth in sub-Saharan Africa". This quote is part of a blog on Accelerating Financial Sector Development to Boost Growth in Sub-Saharan Africa by Anne-Marie Gulde-Wolf, a Deputy Director of the IMF's African Department on July 13th, 2016. The quote is in harmony with the literature on the role that finance plays in economic growth and development.

Discuss the channels through which finance can play a role in economic growth and development