Impact of digital financial inclusion on the participation in farmer-based organisations, structured market and off-farm work in Ghana

Daniel Adu Ankrah, Bright Owusu Asante, Stephen Prah, Forster K. Boateng

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)

Abstract

This paper examines the impact of mobile money account ownership on farmers' participation in farmer-based organisations (FBOs), structured market and off-farm work. Relying on recursive bivariate probit model, our results reveal that owning a mobile money account increases the likelihood of farmers' participating in an FBO, structured market and off-farm work by 15.4%, 33.3% and 37.5%, respectively. Furthermore, mobile money account ownership is influenced by socioeconomic and institutional factors as well as the presence of mobile money vendors within a community. Our finding calls for sustained efforts to deepen digital financial inclusion for increased participation in FBOs, structured market and off-farm work.

Original languageEnglish
Pages (from-to)1254-1273
Number of pages20
JournalJournal of International Development
Volume36
Issue number2
DOIs
Publication statusPublished - Mar 2024

Keywords

  • mobile money
  • recursive bivariate probit
  • smallholder maize farmers
  • southern Ghana

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