Impact of digital financial inclusion on the participation in farmer-based organisations, structured market and off-farm work in Ghana
Date
2023
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Journal of International Development
Abstract
This paper examines the impact of mobile money account
ownership of farmers' participation in farmer-based organizations (FBOs), structured markets, 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 call for sustained efforts to
deepen digital financial inclusion for increased participation
in FBOs, structured markets, and off-farm work.
Description
Research Article
Keywords
mobile money, recursive bivariate probit, southern Ghana