Financial Inclusion and Mental Health Outcomes in Low-Income Communities in Ghana: The Mediating Role of Financial Stress

Daniel Osabutey, Prince K. Kumi () and Osbourne Annor Osabutey-Abbey
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Daniel Osabutey: Accra Technical University - Accounting and Finance Dept
Prince K. Kumi: Accra Technical University - Accounting and Finance Dept
Osbourne Annor Osabutey-Abbey: University of Derby

A chapter in Proceedings of the International Conference on Sustainable Business and Entrepreneurship (ICSBE 2025), 2025, pp 251-269 from Springer

Abstract: Abstract Financial inclusion is highlighted as a means to achieve economic empowerment in developing regions, yet its psychological implications remain underexplored. This study examines how financial inclusion influences mental health in low-income communities in Ghana, emphasising the mediating role of financial stress. Using household survey data from 365 respondents and applying structural equation modelling (SEM) with 5,000 bootstrapped resamples, we assessed both direct and indirect effects. Results show that while the direct path from financial inclusion to mental health is statistically non-significant (β = –0.114, p = 0.068), the indirect effects through financial stress are strong and negative (total indirect β = –0.337, p

Keywords: Financial inclusion; Financial stress; Mental health; Mediation analysis; Structural equation modelling; Low-income communities; Ghana (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-930-8_18

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DOI: 10.2991/978-94-6463-930-8_18

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