Determinants of Smallholder Farmers’ Access to Mobile Phone Based Money Transfer Services – Evidence from Volta Region of Ghana


Introduction: The availability and accessibility of financial services in the rural areas of Ghana has suffered a setback since the last decade. However, the revolution of ICT in Ghana has brought an opportunity to ease the constraint of access to agricultural financial services in this competitive global business era.

Objective: The study looked at Smallholder farmers’ access to Mobile Phone Based Money Transfer Services in Akatsi North district of Volta Region of Ghana under the planting for food and jobs programme.

Methods: Primary data was collected from 300 farmers in beneficiary districts while secondary data was gathered from literatures and various actors. A Multi-stage sampling technique was used in selecting respondents for the study. In the first stage, ten (10) communities that benefited from the planting for food and jobs programme in the Akatsi North districts, while the 2nd stage considered randomly selecting 30 beneficiary farmers in each community. Obtained data were analyzed using descriptive statistics, cross tabulation and Logit regression model

Results: Majority 74% respondents do not use mobile money platform for any agricultural transactions. Is only 26% of the respondents that use mobile money platform for their agribusiness activities. Out of the nine explanatory variables included in the Logit regression model, six of them were significant at p<0.01, p<0.05 and p<0.1. Significant factors include: educational level of households, age, major occupation, accessibility of mobile money service provider, convenience to respondent, trust of the system, and availability of mobile money service 1

Recommendation: It is recommended that aggressive awareness and financial literacy training programmes must be deployed by the Government to the populace and the benefits of the systems as a superior alternative to cash payment systems must be emphasized. It is also recommended that government and Fintech companies should investment in technological infrastructure support across the country to help farmers who mostly located in rural and remote areas. This will align with policymakers’ agenda to increase financial outreach and improve financial inclusion by using mobile technologies

Keywords: Agricultural financial service, Ghana, Mobile Money, Smallholder Farmers, logit Model, Agricultural ICT, COVID-19

Author Biographies

Maxwell Amedi, World Vision Ghana

 Food Security & Resilience Technical Program Manager, World Vision International, Ghana

Freedman Delali Woledzi, Centre for Migration Studies (CMS), University of Ghana, Legon

PhD Student


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Amedi, M., & Woledzi, F. D. (2021). Determinants of Smallholder Farmers’ Access to Mobile Phone Based Money Transfer Services – Evidence from Volta Region of Ghana . Innovare Journal of Agricultural Sciences, 9(3). Retrieved from
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