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The welfare effects of financial inclusion in Ghana: An exploration based on a multidimensional measure of financial inclusion

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  • Abdul Malik Iddrisu
  • Michael Danquah

Abstract

Using a nationally representative household survey data set from Ghana, this paper provides empirical evidence regarding the role of financial inclusion or financial exclusion in household welfare. We first compute a multidimensional index of financial inclusion, and then we examine the effect of financial inclusion on household welfare. The study finds that households suffering financial deprivation have lower welfare compared with their financially included counterparts.

Suggested Citation

  • Abdul Malik Iddrisu & Michael Danquah, 2021. "The welfare effects of financial inclusion in Ghana: An exploration based on a multidimensional measure of financial inclusion," WIDER Working Paper Series wp-2021-146, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2021-146
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    Cited by:

    1. Nkambule, Maxwell Banele, 2022. "The financial inclusion status of rural households in Eswatini," Research Theses 334766, Collaborative Masters Program in Agricultural and Applied Economics.

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    Keywords

    Financial inclusion; Household welfare; Ghana; Exclusion; Deprivation;
    All these keywords.

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