Mobile money, financial inclusion and poverty: key results from two new surveys in Ghana
chapterposted on 2021-10-19, 11:33 authored by Fei Jiang, Carlos Sakyi-Nyarko, Ahmad Hassan AhmadAhmad Hassan Ahmad, Christopher Green
We investigate mobile money adoption, and how it affected household behaviour and financial inclusion in Ghana. We first provide an overview of mobile phone and mobile money development in Ghana. Then we present results of two household surveys carried out in 2017 and 2019 and conducted in all regions of Ghana, each survey covering 1000 households. In 2019 more than 90% reported that they use mobile money reflecting its widespread adoption in Ghana by that time. Different socio-economic characteristics are important in the take-up and use of mobile money. Mobile money users tend to make greater use of formal financial services than non-users and may therefore be more financially included. Mobile money is used for a range of transactions especially remittances, but also payments for goods and services, including financial services and savings. Mobile money may also impact social networks insofar as face-to-face meetings may be replaced by mobile phone interactions.
Delivering Inclusive Financial Development and Growth
Economic and Social Research CouncilFind out more...
- Business and Economics
Published inInclusive Financial Development
PublisherEdward Elgar Publishing
- AM (Accepted Manuscript)
Rights holder© Edward Elgar Publishing
Publisher statementThis is a draft chapter. The final version is available in Inclusive Financial Development edited by Ahmad Hassan Ahmad, David T. Llewellyn and Victor Murinde, published in 2021, Edward Elgar Publishing Ltd https://doi.org/10.4337/9781800376380.00015. The material cannot be used for any other purpose without further permission of the publisher, and is for private use only.
Book seriesNew Horizons in Money and Finance