IDEAS home Printed from https://ideas.repec.org/a/ids/ijbglo/v29y2021i3p385-405.html
   My bibliography  Save this article

Enhancing domestic savings mobilisation in Ghana: does religion matter?

Author

Listed:
  • Samuel Tawiah Baidoo
  • Linda Akoto
  • Makafui M. Tayviah

Abstract

Domestic savings in many developing countries including Ghana remain low and have therefore attracted policy discourse and attention of researchers globally. Several determinants regarding saving decisions among individuals have been revealed. However, the role of religion has not been emphasised especially in Sub-Saharan Africa region even though religion is asserted to have influence on economic outcomes. This paper revisits saving determinants in Ghana with focus on religion. The study uses primary data and employs the probit regression for analysis. It is revealed that the effect of religion on saving is positive but statistically insignificant. However, financial literacy, employment status, education and income have significant effect on saving. Based on these findings, relevant policy implications have been suggested in order to avert the low savings mobilisation in Ghana.

Suggested Citation

  • Samuel Tawiah Baidoo & Linda Akoto & Makafui M. Tayviah, 2021. "Enhancing domestic savings mobilisation in Ghana: does religion matter?," International Journal of Business and Globalisation, Inderscience Enterprises Ltd, vol. 29(3), pages 385-405.
    • Handle: RePEc:ids:ijbglo:v:29:y:2021:i:3:p:385-405
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=118683
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbglo:v:29:y:2021:i:3:p:385-405. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=245 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.