The Effects Of Mobile Phone Technology On Financial Inclusion In Ghana

ABSTRACT The importance of financial inclusion especially in the developing world cannot be overemphasized. Several researches have pointed to the positive impact of financial inclusion on poverty reduction and financial integration. Provision of suitable financial services by traditional banks is hampered by poor road infrastructure, high cost of fees, amongst others. Financial exclusion mostly plagues the poor and vulnerable including women and households in rural and semi-rural areas. With estimated mobile phone ownership of 38.8 million in Ghana (NCA, 2017), innovative mobile telephony te…