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

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.