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Financial Inclusion and Poverty Reduction in Sub-Saharan Africa

Author

Listed:
  • Jabir Ibrahim Mohammed
  • Lord Mensah
  • Agyapomaa Gyeke-Dako

    (University of Ghana Business School)

Abstract

Financial inclusion is the provision of financial services to low-income earners. Despite the proposition in the theoretical literature that financial inclusion can bring a lot of welfare benefits to the poor, empirical investigation and conclusion to that effect are rather scanty. This paper sheds light on the potential impact that financial inclusion has on poverty reduction among low-income individuals using 35 Sub-Saharan African countries. We employ the treatment effect model and propensity score matching techniques. Our results suggest that the poor who are financially included derives net wealth benefit and larger welfare benefit than those who are not financially included.

Suggested Citation

  • Jabir Ibrahim Mohammed & Lord Mensah & Agyapomaa Gyeke-Dako, 2017. "Financial Inclusion and Poverty Reduction in Sub-Saharan Africa," The African Finance Journal, Africagrowth Institute, vol. 19(1), pages 1-22.
  • Handle: RePEc:afj:journl:v:19:y:2017:i:1:p:1-22
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    More about this item

    Keywords

    Financial Inclusion; Poverty; Treatment Effects; Welfare; Sub-Saharan Africa;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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