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Browsing Business School by Author "Abdul-Samed, A."

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    Inclusive Finance, Financial Literacy And Bank Pricing Behaviour In Ghana
    (University Of Ghana, 2021-09) Abdul-Samed, A.
    The aim of this study is to examine the effect of financial literacy and bank pricing behaviour on inclusive finance in Ghana. A sample of 1,996 respondents is employed across 10 regions of Ghana for the period 2018. It also relied on a semi-structured questionnaire issued to banks. The study employed a binary probit model to estimate the impact of financial literacy on inclusive finance. A binary probit regression is again employed to examine the influence of bank pricing behaviour on inclusive finance. To examine the interactive effect of financial literacy and bank pricing behaviour on inclusive finance, this study used robust probit models. The study provides the following empirical findings: first, financial literacy has a positively significant impact on inclusive finance; second, the nexus between bank pricing behaviour and inclusive finance shows that loan price has a significant impact on inclusive finance; and, finally, the interactive effect of financial literacy and bank pricing behaviour only shows a significant effect on account ownership and savings. The study makes the following contributions to literature: first, the examination of the impact of bank pricing behaviour on inclusive finance is new in literature; and second, the sensitivity of financial literacy and bank pricing behaviour on inclusive finance is novel in literature. In conclusion, the study demonstrates the essence for inclusive finance policies to be supported by financial education in Ghana. Further, it underscores the need to address the inclusive finance gender gap in Ghana in order to attain a comprehensive financial sector growth. This study also confirms the essence for inclusive finance initiatives to go further than just advocating for basic account ownership to the promotion of account usage in order to take advantage of the potential benefits of inclusive finance.