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

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2023

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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.

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Research Article

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mobile money, recursive bivariate probit, southern Ghana

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