Assessing fish farm economic performance and access to financial services nexus: Empirical evidence from Ghana

Martinson Ankrah Twumasi, Dennis Asante, Isaac Owusu Asante, Bismark Addai, Yuansheng Jiang

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)

Abstract

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.

Original languageEnglish
Pages (from-to)249-266
Number of pages18
JournalAquaculture Economics and Management
Volume27
Issue number2
Early online date19 Jul 2022
DOIs
Publication statusPublished - 2023

Keywords

  • Access to financial services
  • endogenous treatment regression model
  • fish farm performance
  • Ghana

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