IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-3-031-09345-6_4.html
   My bibliography  Save this book chapter

Financial Inclusion and Monetary Policy Effectiveness in Ghana

In: Financial Sector Development in Ghana

Author

Listed:
  • William Godfred Cantah

    (University of Cape Coast)

  • James Atta Peprah

    (University of Cape Coast)

  • Paul Owusu Takyi

    (Kwame Nkrumah University of Science and Technology)

Abstract

The importance of well-developed and an inclusive financial sector for effective transmission of monetary policy cannot be overemphasised. This study sought to examine the role of financial inclusion in the effectiveness of monetary policy in Ghana. Monthly time series data from January 2002 to December 2018 was employed for the study. The study found that high levels of inclusion in Ghana’s financial space is essential to increasing the sensitivity of inflation and output to interest rate changes. Thus, making financial inclusion a key requirement for the effectiveness of monetary policy in Ghana is crucial. These results imply that the Central Bank must always consider the level financial inclusion when making monetary policy decisions.

Suggested Citation

  • William Godfred Cantah & James Atta Peprah & Paul Owusu Takyi, 2023. "Financial Inclusion and Monetary Policy Effectiveness in Ghana," Palgrave Macmillan Studies in Banking and Financial Institutions, in: James Atta Peprah & Evelyn Derera & Harold Ngalawa & Thankom Arun (ed.), Financial Sector Development in Ghana, chapter 0, pages 81-103, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-031-09345-6_4
    DOI: 10.1007/978-3-031-09345-6_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:pmschp:978-3-031-09345-6_4. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.