EXTENT AND DETERMINANTS OF FINANCIAL INCLUSION AMONG AGRICULTURAL PRODUCERS IN GHANA
Financial inclusion has become a domestic policy issue of increased importance and concern particularly in developing countries, largely due to its potential to spur growth and improve incomes. Financial inclusion is defined as the process of ensuring the ease of access, availability, and usage of a formal financial system for all members of an economy (Sarma, 2008). In developing countries, agricultural producers have generally been excluded from formal financial systems such as savings, credit and insurance (Morvant-roux, 2008). The nature of agricultural operations makes access and usage of such financial systems essential; impacting agricultural productivity, food security and poverty reduction. Using the Ghana Living Standards Survey (GLSS7), this study seeks to identify the extent of financial inclusion among agricultural producers in Ghana and also determine the individual and farm-level factors affecting financial inclusion. Measuring financial inclusion is important for both formulating policy priorities and allocating scarce government and donor resources. Hence the results of this study may assist policymakers in designing policy schemes aimed at improving the usage of financial services among agricultural producers. Consequently, this may improve the livelihood of farmers and contribute to Ghana's overall economic development.
Mohammed, Fatima, "EXTENT AND DETERMINANTS OF FINANCIAL INCLUSION AMONG AGRICULTURAL PRODUCERS IN GHANA" (2019). University Research Symposium. 206.