Effect of access to agriculture credit on farm income in the Talensi district of northern Ghana

Ehiakpor Dennis Sedem, Adzawla William and Danso-Abbeam Gideon
Additional contact information
Ehiakpor Dennis Sedem: Department of Agricultural and Resource Economics, University for Development Studies
Adzawla William: Department of Agricultural and Resource Economics, University for Development Studies
Danso-Abbeam Gideon: Department of Agricultural and Resource Economics, University for Development Studies

Russian Journal of Agricultural and Socio-Economic Sciences, 2016, vol. 55, issue 7, 40-46

Abstract: Agricultural credit is a vital service for agricultural growth and development. Against this milieu, this study examined the effect of this variable on farm income in the Talensi District of the Upper East region of Ghana. Through a two-stage sampling approach, 168 crop farmers were randomly selected. Heckman two-stage treatment effect model was estimated to correct for selectivity biases. Empirical results from the study indicated that the probability of accessing credit was higher for highly educated farmers, farmers belonging to a farmer group, farmers with large farm size, farmers who had access to extension service, female farmers and the elderly. Further, access to credit had a positive significant effect on farm income. Therefore, the study concluded that improving access to agricultural credit service could be a potential source of poverty reduction among farmers in the district. To enhance farmers’ access to agricultural credit, intensification of farmer-based-organization is highly recommended. Farm-level policies oriented towards farmer’s access to financial credit should also be encouraged.

Keywords: CREDIT; EXTENSION SERVICE; FARM INCOME; GHANA; TREATMENT EFFECT MODEL (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://cyberleninka.ru/article/n/effect-of-access- ... ct-of-northern-ghana

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:scn:031261:16967570

Access Statistics for this article

More articles in Russian Journal of Agricultural and Socio-Economic Sciences from CyberLeninka, Редакция журнала Russian Journal of Agricultural and Socio-Economic Sciences
Bibliographic data for series maintained by CyberLeninka ().