TY - JOUR
T1 - Assessing fish farm economic performance and access to financial services nexus
T2 - Empirical evidence from Ghana
AU - Ankrah Twumasi, Martinson
AU - Asante, Dennis
AU - Asante, Isaac Owusu
AU - Addai, Bismark
AU - Jiang, Yuansheng
PY - 2023
Y1 - 2023
N2 - This study assesses the factors influencing of access to financial services (AFS) and its impact on fish farm economic performance by employing a multiple-stage random sampling approach to sample 131 fish farms from two regions in Ghana. We accounted for the selection bias issue using the endogenous treatment regression model. The results reveal that factors such asgender, education, fish farm size, asset ownership, off-farm work, and distance influence farmers' access to financial services. The result also showed that AFS improves fish farm economic performance. Moreover, we observe that female farmers and high-income households with access to financial services have higher fish yields and net returns than their counterparts. The study’s findings have provided evidence that AFS can be a transmission route in the efforts to enhance aquaculture development in the nation. Our results serve as a call to the government and policymakers to provide strategies and methods to make financial services accessibility easy and straightforward.
AB - This study assesses the factors influencing of access to financial services (AFS) and its impact on fish farm economic performance by employing a multiple-stage random sampling approach to sample 131 fish farms from two regions in Ghana. We accounted for the selection bias issue using the endogenous treatment regression model. The results reveal that factors such asgender, education, fish farm size, asset ownership, off-farm work, and distance influence farmers' access to financial services. The result also showed that AFS improves fish farm economic performance. Moreover, we observe that female farmers and high-income households with access to financial services have higher fish yields and net returns than their counterparts. The study’s findings have provided evidence that AFS can be a transmission route in the efforts to enhance aquaculture development in the nation. Our results serve as a call to the government and policymakers to provide strategies and methods to make financial services accessibility easy and straightforward.
KW - Access to financial services
KW - endogenous treatment regression model
KW - fish farm performance
KW - Ghana
UR - http://www.scopus.com/inward/record.url?scp=85134567585&partnerID=8YFLogxK
U2 - 10.1080/13657305.2022.2099480
DO - 10.1080/13657305.2022.2099480
M3 - Article
AN - SCOPUS:85134567585
SN - 1365-7305
VL - 27
SP - 249
EP - 266
JO - Aquaculture Economics and Management
JF - Aquaculture Economics and Management
IS - 2
ER -