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Impact of Digital Financial Technology on Financial Inclusion in Sub- Saharan Africa: The Moderation Role of Institutional Quality

Author

Listed:
  • James N. Doku
  • Khadijah Iddrisu
  • Deborah N. A. S. Bortey
  • Jonas Ladime

    (Simon Diedong Dombo University of Business and Integrated Development Studies, Ghana)

Abstract

This study looks at how the quality of institutions affects the relationship between digital financial technology and the level of financial inclusion over a 17-year period (2004-2021) in 34 Sub-Saharan African nations. The results of the two-stage system GMM show that digital finance technology has a favourable and considerable impact on financial inclusion. Furthermore, the presence of high-quality institutions strengthens the beneficial association between digital finance technology and financial inclusion, emphasising the significance of institutional quality in promoting digital finance and fostering financial inclusion. The study concludes with policy proposals targeted at increasing regional financial inclusion.

Suggested Citation

  • James N. Doku & Khadijah Iddrisu & Deborah N. A. S. Bortey & Jonas Ladime, 2023. "Impact of Digital Financial Technology on Financial Inclusion in Sub- Saharan Africa: The Moderation Role of Institutional Quality," The African Finance Journal, Africagrowth Institute, vol. 25(2), pages 31-45.
    • Handle: RePEc:afj:journl:v:25:y:2023:i:2:p:31-45
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    File URL: https://journals.co.za/doi/abs/10.10520/ejc-finj_v25_n2_a3
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    More about this item

    Keywords

    SSA; financial inclusion; digital financial technologies; institutional quality; GMM;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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