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Time preference, savings and loan behaviour among Ghanaians

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  • Amponsah, Samuel
  • Seebaluck, Krishtee
  • Balogun, Afolabi

Abstract

The design of savings and loan policies in Ghana relies on a full understanding of the time preferences of Ghanaians. Using a probit regression, we find that individuals with neutral or future-oriented time preferences are more likely to save, while those with present or moderately future-oriented time preferences exhibit lower likelihood of saving. With regard to loan-taking behaviour, our results reveal that individuals who are neutral, moderately future-oriented or future-oriented are more likely to take a loan, while those who have present-oriented time preferences exhibit a lower likelihood of loan-taking.

Suggested Citation

  • Amponsah, Samuel & Seebaluck, Krishtee & Balogun, Afolabi, 2026. "Time preference, savings and loan behaviour among Ghanaians," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 122(C).
    • Handle: RePEc:eee:soceco:v:122:y:2026:i:c:s2214804326000492
    DOI: 10.1016/j.socec.2026.102558
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