The effect of financial inclusion on urban population in Ghana

Bibliographic Data

ID10764261
AuthorsOpoku Adabor (0000-0001-9162-2590, School of Economics, Finance and Marketing (EFM) RMIT University Melbourne Victoria Australia, corresponding author), Kwabena Mintah (0000-0003-3279-934X, School of Property, Construction and Project Management RMIT University Melbourne Victoria Australia), Ernest Amankwah (Swinburne University of Technology Melbourne Victoria Australia), Ernest K Amankwah (0000-0001-7054-9400, Swinburne University of Technology)
Year2023
Volume104
Issue4
Pages742-760
Publication date2023-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueSocial Science Quarterly (JOURNAL)
Journal identifiersISSN: 0038-4941 • E-ISSN: 1540-6237
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ssqu.13267
OpenAlexW4362519758
LanguageEN
Citations received1
References cited43

Background Ghana has witnessed rapid urban population growth over the past decades, which has led to vast environmental, settlement, human, and ecological issues. It is therefore extremely important to examine the factors that influence urban population growth in Ghana to provide policy directions for policymakers. Objectives The article examines the impact of financial inclusion on urban population growth using three different measures of financial inclusion. Methods We applied the autoregressive distributed lag model (ARDL) to historical time‐series data covering the period of 1960 to 2020. Results The estimates from the ARDL model show that financial inclusion exerts a positive effect on urban population growth. Specifically, the findings confirm that financial knowledge, usage, and availability of financial services contribute significantly to urban population growth over time. Conclusion The findings in this study suggest that government and financial institutions should utilize various channels to increase financial knowledge, usage and availability of financial services among individuals living in deprived areas where there are a limited number of financial institutions

Business · Development economics · Distributed lag · Econometrics · Economic growth · Economics · Financial inclusion · Financial services · Government (linguistics) · Inclusion (mineral) · Population · Population growth · Settlement (finance) · Social science · Sociology · Demography · Finance · Housing Market and Economics · Microfinance and Financial Inclusion · Urban and Rural Development Challenges

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Open DOIOpen Access