Impact of digital financial inclusion on the participation in farmer‐based organisations, structured market and off‐farm work in Ghana

Abstract

This paper examines the impact of mobile money account ownership on farmers' participation in farmer‐based organisations (FBOs), structured market and off‐farm work. Relying on recursive bivariate probit model, our results reveal that owning a mobile money account increases the likelihood of farmers' participating in an FBO, structured market and off‐farm work by 15.4%, 33.3% and 37.5%, respectively. Furthermore, mobile money account ownership is influenced by socioeconomic and institutional factors as well as the presence of mobile money vendors within a community. Our finding calls for sustained efforts to deepen digital financial inclusion for increased participation in FBOs, structured market and off‐farm work.