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People with disability and access to financial services: Evidence from Ghana

Author

Listed:
  • James Atta Peprah
  • Eric Atsu Avorkpo
  • Evans Kulu

Abstract

The purpose of this study is to examine the effects of disability on access to financial services in Ghana. Data for the study were obtained from the seventh wave of the Ghana Living Standards Survey (GLSS 7). We used an instrumental variable (IV) regression approach to examine the effect of disability on the use of formal financial institutions and mobile money. We find that the likelihood of having access to finances and using any of the financial institutions, or having at least a product/service with a bank reduces for people with disability. Further, our results show that while people with disability are less likely to use commercial banks (6.3%), rural banks (4.8%) and at least one financial service (6.3%), they are 53.7% more likely to use mobile money. Collaborative actions are needed to raise awareness on both mobile money and other Fintech solutions, as well as accessibility functions that can support the inclusion of persons with disabilities into the financial system. El objetivo de este estudio fue examinar los efectos de la discapacidad en el acceso a los servicios financieros en Ghana. Los datos para el estudio se obtuvieron de la séptima ronda de la Encuesta sobre el Nivel de Vida en Ghana (GLSS 7). Se utilizó la regresión por variables instrumentales para examinar el efecto de la discapacidad en el uso de las instituciones financieras formales y el dinero vía teléfono móvil. Se observó que la probabilidad de acceso a financiamiento y de utilizar cualquiera de las instituciones financieras, o de tener al menos un producto o servicio con un banco, es menor para las personas con discapacidad. Además, los resultados muestran que, mientras que las personas con discapacidades tienen menos probabilidades de utilizar bancos comerciales (6,3%), bancos rurales (4,8%) y al menos un servicio financiero (6,3%), tienen un 53,7% más de probabilidades de utilizar dinero vía teléfono móvil. Se necesitan acciones de colaboración para concienciar tanto sobre el dinero vía teléfono móvil como sobre otras soluciones Fintec, así como sobre las funciones de accesibilidad que pueden apoyar la inclusión de las personas con discapacidades en el sistema financiero. 本稿では、ガーナにおける金融サービスへのアクセスに対する障害の影響を検討する。ガーナの生活水準調査(Ghana Living Standards Survey)7から得られたデータを用いた。操作変数回帰アプローチを用いて、フォーマルな金融機関とモバイルマネーの利用に対する障害の影響を調べた。障害者は、金融にアクセスし、あらゆる金融機関を利用する、または少なくとも銀行の商品/サービスを利用する可能性が減少することが分かった。さらに、結果から、障害者は、商業銀行(6.3%)、農村銀行(4.8%)、少なくとも1つの金融サービス(6.3%)を利用する可能性は低いが、モバイルマネーを利用する可能性が53.7%高いことを示している。モバイルマネーと他のフィンテックソリューションの両方、および障害者の金融システムへの参加をサポートできるアクセシビリティ機能についての認識を高めるために、協調的行動が必要である。

Suggested Citation

  • James Atta Peprah & Eric Atsu Avorkpo & Evans Kulu, 2023. "People with disability and access to financial services: Evidence from Ghana," Regional Science Policy & Practice, Wiley Blackwell, vol. 15(6), pages 1198-1215, August.
  • Handle: RePEc:bla:rgscpp:v:15:y:2023:i:6:p:1198-1215
    DOI: 10.1111/rsp3.12643
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    References listed on IDEAS

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    4. Beatriz Armendáriz & Marc Labie (ed.), 2011. "The Handbook of Microfinance," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 7645, August.
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