Financial inclusion and technical change: An empirical evidence from Ghana
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Date
2015-04-17
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Publisher
University of Ghana
Abstract
This paper investigates the linkage between technical change and
financial inclusion in Ghana. This study employs logistic regression
model using micro-data from the Global Findex Database to examine
the extent of relation between technical change and financial inclusion
in Ghana. The study finds that that technical change is not sufficient
in activating financial inclusion. What is important for financial
inclusion are such factors as; improving financial literacy, reducing
cost or introduce costless account opening, boasting financial sector
confidence and inspire financial institution to introduce banking
products that meet the need(s) of those financially excluded. Hence
the study concludes that a lot more needs to be done for such technical
changes to trigger financial inclusion in Ghana since this has important
macroeconomic implication for long term economic growth
Description
School of social sciences colloquium
Keywords
Global Findex Database, financial literacy, macroeconomic, economic growth