The financial inclusion agenda: Examining the role of conventional banks in deepening access to formal credit

Abdul Malik Iddrisu and Michael Danquah

No wp-2021-74, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Using a unique district-level panel dataset, we investigate the effect of banking system penetration on financial inclusion in Ghana. To purge potential endogeneity bias in the underlying relationship, we exploit a change in the policy environment of the Ghanaian banking system to instrument for banking system penetration. We show, first, that the switch from a compartmentalized system of banking to a universal banking system in Ghana has resulted in an expansion of banks' branch networks, which has benefited hitherto financially less developed districts.

Keywords: Banking; Financial inclusion; Access to credit; Ghana; Financial institutions; Formal credit; Panel (search for similar items in EconPapers)
Date: 2021
New Economics Papers: this item is included in nep-ban and nep-fdg
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Journal Article: The financial inclusion agenda: Examining the role of conventional banks in deepening access to formal credit (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2021-74

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