Empirical impact of financial service access on farmers income in Ghana / Impacto empírico do acesso a serviços financeiros na renda dos agricultores em Gana

The impact of access to financial services (AFS) and access to informal financial services (AIFS) on farmer income is examined in this study. After a multi-stage random sampling procedure, the study used a sample size of 478 people from two regions in Ghana. The endogenous treatment regression (ETR) model was used to account for selection bias while the unconditional quantile regression (UQR) model was used for a heterogenous analysis. The findings showed that education, financial literacy, IT access, farm size, and distance were all factors of access to financial services. Similarly, the findings revealed a positive and statistically significant link between household income and access to formal financial services. Similarly, there was a positive and significant association between access to informal financial services and household income. The findings showed that access to formal and informal financial services has different effects on household income. As a result, the effects of access to financial services on income varied by quantile. Based on the findings of the study, we developed policies to boost financial services accessibility as a means of increasing household income.

O impacto do acesso a serviços financeiros (AFS) e acesso a serviços financeiros informais (AIFS) na renda do agricultor é examinado neste estudo. Após um procedimento de amostragem aleatória em vários estágios, o estudo utilizou uma amostra de 478 pessoas de duas regiões de Gana. O modelo de regressão de tratamento endógeno (ETR) foi usado para explicar o viés de seleção, enquanto o modelo de regressão quantílica incondicional (UQR) foi usado para uma análise heterogênea. Os resultados mostram que educação, alfabetização financeira, acesso a TI, tamanho da fazenda e distância foram fatores de acesso a serviços financeiros. Da mesma forma, os resultados revelaram uma ligação positiva e estatisticamente significativa entre a renda familiar e o acesso a serviços financeiros formais. Da mesma forma, houve associação positiva e significativa entre acesso a serviços financeiros informais e renda familiar. Os resultados mostram que o acesso a serviços financeiros formais e informais tem efeitos diferentes na renda familiar. Como resultado, os efeitos do acesso a serviços financeiros sobre a renda variaram por quantil. Com base nos resultados do estudo, desenvolvemos políticas para aumentar a acessibilidade dos serviços financeiros como forma de aumentar a renda familiar.

Does financial literacy inevitably lead to access to finance services? Evidence from rural Ghana / A educação financeira leva inevitavelmente ao acesso a serviços financeiros? Provas da zona rural de Gana

This study examined the determinants of financial literacy (FL) and its impact on access to financial services (AFS), using data collected from rural Ghana. A two-stage residual inclusion model is utilized to address the selection bias issue. The results showed that FL is affected by household heads' age, gender, education, asset ownership, homeownership, and economics education. The results revealed that FL is significant and positively related to AFS, but its square shows an inverse relation with saving mobilization. This indicated a non-linear relationship between FL and AFS. Moreover, we find that FL has a larger AFS impact for households with high-income and male household heads relative to their counterparts. The study recommended that the government can initiate the creation of a rural committee to educate rural residents on financial issues through radio broadcasting and meetings. Our findings highlighted the importance of FL on AFS in enhancing the welfare of rural households.

Este estudo examina os determinantes da educação financeira (FL) e seu impacto no acesso a serviços financeiros (AFS), usando dados coletados na zona rural de Gana. Um modelo de inclusão residual de dois estágios é utilizado para abordar a questão do viés de seleção. Os resultados mostram que a FL é afetada pela idade, sexo, educação, propriedade de ativos, propriedade e educação econômica dos chefes de família. Os resultados revelam que FL é significativo e positivamente relacionado ao AFS, mas seu quadrado mostra uma relação inversa com a mobilização de poupança. Isso indica uma relação não linear entre FL e AFS. Além disso, notou-se que o FL tem um impacto maior de AFS para famílias com alta renda e chefes de família do sexo masculino em relação às suas contrapartes. O estudo recomendou que o governo pode iniciar a criação de um comitê rural para educar os residentes rurais sobre questões financeiras por meio de radiodifusão e reuniões. Nossos resultados destacam a importância do FL no AFS para melhorar o bem-estar das famílias rurais.

Determinants of credit constraint of artisanal fishermen in Ghana / Determinantes da restrição de crédito a pescadores artesanais em Gana

Due to the high risk associated with fishing, access to credit becomes very difficult for fishermen. The study was conducted to investigate the determinants of credit constraint on artisanal fishermen with survey data collected from artisanal fishermen in the Western and Central Regions of Ghana. A multi-stage sampling procedure was used to select respondents for the study. Data collected were analyzed with the aid of descriptive and IV-Probit model. Most of the fishermen were in their youthful stage. From the study, while boat ownership and off-fishing activity reduce the probability being credit constrained, complex procedure, and disbursement time lag increase fishermen probability of being credit constrained. The findings of the study also indicated that there is a significant difference between constrained and unconstrained fishermen fishing activity and financial status. Therefore, fishermen in need of additional credit should be catered for to increase their production, hence, livelihood.(AU)

Due to the high risk associated with fishing, access to credit becomes very difficult for fishermen. The study was conducted to investigate the determinants of credit constraint on artisanal fishermen with survey data collected from artisanal fishermen in the Western and Central Regions of Ghana. A multi-stage sampling procedure was used to select respondents for the study. Data collected were analyzed with the aid of descriptive and IV-Probit model. Most of the fishermen were in their youthful stage. From the study, while boat ownership and off-fishing activity reduce the probability being credit constrained, complex procedure, and disbursement time lag increase fishermen probability of being credit constrained. The findings of the study also indicated that there is a significant difference between constrained and unconstrained fishermen fishing activity and financial status. Therefore, fishermen in need of additional credit should be catered for to increase their production, hence, livelihood.(AU)