Assessing the Impact of Mobile Money in Providing Financial Inclusion for the Rural Population of the Kasena/Nankana West District of Upper East Region

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JUNE 2016
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The introduction of mobile money services by the Telecommunication companies have become a common phenomenon in recent times in a bid to gain comparative advantage through diversification, and increase in market share to boost growth and profitability. This service facilitates the transfer/receipts of money in a convenient, quick and reliable manner. It also provides an ideal platform for small savings to majority of rural population who have no access to formal financial services. The study therefore seeks to explore the impact of mobile money on the savings behavior as well as on the payment (transfers and receipts) in the Kasena/Nankana west district of the Upper East region. Based on self-administered questionnaire for a sample size of 300 respondents of mobile phone users, the study employed the probit model analysis as estimation technique. The results showed that mobile money has provided an ideal platform for savings and promotes delivery of remittances through quick and reliable transfers especially by low-income individuals thereby promoting financial inclusion.  
A Dissertation presented to the Department of Economic in partial fulfillment of the requirement for the Award of the Degree of Master of Science in Economics,