Assessing Financial Literacy and Farmland Abandonment Relationship in Ghana

Martinson Ankrah Twumasi, Bright Senyo Dogbe, Ernest Kwarko Ankrah, Zhao Ding and Yuansheng Jiang ()
Additional contact information
Martinson Ankrah Twumasi: College of Economics, Sichuan Agricultural University, Chengdu 611130, China
Bright Senyo Dogbe: College of Economics, Sichuan Agricultural University, Chengdu 611130, China
Ernest Kwarko Ankrah: College of Economics, Sichuan Agricultural University, Chengdu 611130, China
Zhao Ding: College of Economics, Sichuan Agricultural University, Chengdu 611130, China
Yuansheng Jiang: College of Economics, Sichuan Agricultural University, Chengdu 611130, China

Agriculture, 2023, vol. 13, issue 3, 1-18

Abstract: Farmland abandonment has been a major concern for policymakers in most developing nations since it is associated with food security and poverty alleviation. In view of this, assessing its potential determinants is essential and timely. This study examines the relationship between financial literacy and farmland abandonment in Ghana using survey data (N = 572). The study employs endogenous switching regression (ESR) for its estimation. Our findings show that financial literacy is low among rural dwellers. Also, the findings depict that financial literacy is positively related to farmland abandonment reduction. Moreover, different household groups depict a heterogeneous relationship between financial literacy and farmland abandonment. Thus, the association between financial literacy and farmland abandonment reduction is more pronounced for low-income farm households and female farmers. We recommended that financial literacy programs can be organized or shown on national radios and television to provide financial education to the country’s residents. Our findings could offer some implications for stimulating agricultural intensification while ensuring rural advancements.

Keywords: financial literacy; farmland abandonment; endogenous switching regression model; agricultural intensification; Ghana (search for similar items in EconPapers)
JEL-codes: Q1 Q10 Q11 Q12 Q13 Q14 Q15 Q16 Q17 Q18 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://www.mdpi.com/2077-0472/13/3/580/pdf (application/pdf)
https://www.mdpi.com/2077-0472/13/3/580/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jagris:v:13:y:2023:i:3:p:580-:d:1082434

Access Statistics for this article

Agriculture is currently edited by Ms. Leda Xuan

More articles in Agriculture from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().