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 language | English |
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Pages (from-to) | 1254-1273 |
Number of pages | 20 |
Journal | Journal of International Development |
Volume | 36 |
Issue number | 2 |
DOIs | |
Publication status | Published - Mar 2024 |
Keywords
- mobile money
- recursive bivariate probit
- smallholder maize farmers
- southern Ghana