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Households' ICT access and bank patronage in West Africa: Empirical insights from Burkina Faso and Ghana

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  • Karakara, Alhassan A.
  • Osabuohien, Evans S.
Abstract
Information and Communication Technologies (ICTs) play a crucial role on the individuals, businesses and the citizenry in a country. Some studies on ICT access tend to concentrate on the supply side of achieving universal access in ICTs. They do not look at the household demand side and how household access to ICTs enhances bank patronage and financial services. Thus, this study makes contribution by: a) focusing on the demand side of ICT access by households and how it fosters the patronage of financial services; b) investigating some of the socioeconomic characteristics that affect households' adoption of ICTs and bank patronage in Burkina Faso and Ghana. Demographic and Health Survey data for both Burkina Faso and Ghana 2014 was used with logit regression of bank patronage on socioeconomic variables and ICT equipment. The findings, inter alia, show that socioeconomic factors influence ICT adoption and bank services demand at the household level. However, the degree differs significantly between Burkina Faso and Ghana. In essence, whereas only 15% of the surveyed households own bank account in Burkina Faso, the figure for Ghana was more than thrice with 48% of the household owning bank account. Thus, policy should be tailored towards the provision and accessibility of ICTs to households which could enhance their desire for bank patronage as they become more informed on the relevance.

Suggested Citation

  • Karakara, Alhassan A. & Osabuohien, Evans S., 2019. "Households' ICT access and bank patronage in West Africa: Empirical insights from Burkina Faso and Ghana," Technology in Society, Elsevier, vol. 56(C), pages 116-125.
    • Handle: RePEc:eee:teinso:v:56:y:2019:i:c:p:116-125
    DOI: 10.1016/j.techsoc.2018.09.010
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    References listed on IDEAS

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    Cited by:

    1. Asongu, Simplice A. & Biekpe, Nicholas & Cassimon, Danny, 2021. "On the diffusion of mobile phone innovations for financial inclusion," Technology in Society, Elsevier, vol. 65(C).
    2. Alhassan Abdul-Wakeel Karakara & Evans Osabuohien, 2020. "ICT adoption, competition and innovation of informal firms in West Africa: a comparative study of Ghana and Nigeria," Journal of Enterprising Communities: People and Places in the Global Economy, Emerald Group Publishing Limited, vol. 14(3), pages 397-414, June.
    3. Simplice A. Asongu, 2021. "The Effects of Mobile Phone Technology, Knowledge Creation and Diffusion on Inclusive Human Development in Sub-Saharan Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1367-1398, September.
    4. Ibukun Beecroft & Evans S. Osabuohien & Uchenna R. Efobi & Isaiah Olurinola & Romanus A. Osabohien, 2019. "Manufacturing Export and ICT Infrastructure in West Africa: Investigating the Roles of Economic and Political Institutions," Research Africa Network Working Papers 19/098, Research Africa Network (RAN).
    5. Malaquias, Rodrigo Fernandes & Silva, Altieres Frances, 2020. "Understanding the use of mobile banking in rural areas of Brazil," Technology in Society, Elsevier, vol. 62(C).
    6. Simplice Asongu & Nicholas Odhiambo, 2022. "The role of mobile characteristics on mobile money innovations," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(6), pages 4693-4710, December.
    7. Alhassan A. Karakara & Evans S. Osabuohien, 2020. "Clean versus Dirty Energy: Empirical Evidence from Fuel Adoption and Usage by Households in Ghana," Working Papers 20/075, European Xtramile Centre of African Studies (EXCAS).
    8. Nchofoung, Tii N. & Asongu, Simplice A., 2022. "ICT for sustainable development: Global comparative evidence of globalisation thresholds," Telecommunications Policy, Elsevier, vol. 46(5).
    9. Vu, Khuong M & Asongu, Simplice, 2020. "Backwardness advantage and economic growth in the information age: A cross-country empirical study," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    10. Mugabe Roger & Liu Shulin & Brima Sesay, 2022. "ICT Development, Innovation Diffusion and Sustainable Growth in Sub-Saharan Africa," SAGE Open, , vol. 12(4), pages 21582440221, October.
    11. Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "Social Media and Inclusive Human Development in Africa," Working Papers 20/017, European Xtramile Centre of African Studies (EXCAS).
    12. Asongu, Simplice A. & Odhiambo, Nicholas M., 2020. "Inequality and gender inclusion: Minimum ICT policy thresholds for promoting female employment in Sub-Saharan Africa," Telecommunications Policy, Elsevier, vol. 44(4).
    13. Simplice A. Asongu & Thales P. Yapatake Kossele & Joseph Nnanna, 2021. "Not all that glitters is gold: political stability and trade in Sub-Saharan Africa," Research Africa Network Working Papers 21/005, Research Africa Network (RAN).
    14. Dominic E. Azuh & Jeremiah O. Ejemeyovwi & Queen Adiat & Babatunde A. Ayanda, 2020. "Innovation and Human Development Perspectives in West Africa," SAGE Open, , vol. 10(4), pages 21582440209, December.
    15. Simplice Asongu, 2023. "Telecommunications regulation, mobile money innovations and financial inclusion," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 31(4), pages 503-521, April.
    16. Coffie, Cephas Paa Kwasi & Hongjiang, Zhao, 2023. "FinTech market development and financial inclusion in Ghana: The role of heterogeneous actors," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    17. Wonyra, Kwami Ossadzifo & Sanoussi, Yacobou & Sy, Ibrahima & Lanie, Tomgouani, 2021. "Inequalities of opportunity in the access and use of telecommunication services in Togo," Telecommunications Policy, Elsevier, vol. 45(5).
    18. Evans Osabuohien & Alhassan A-W Karakara, 2023. "Academic Mentoring Nature-Nurture Cycle: Some Insights from Own Experience," Working Papers of the African Governance and Development Institute. 23/034, African Governance and Development Institute..
    19. Simplice A. Asongu & John Kuada, 2020. "Building knowledge economies in Africa: an introduction," Contemporary Social Science, Taylor & Francis Journals, vol. 15(1), pages 1-6, January.
    20. Usman, Ahmed & Ozturk, Ilhan & Ullah, Sana & Hassan, Ali, 2021. "Does ICT have symmetric or asymmetric effects on CO2 emissions? Evidence from selected Asian economies," Technology in Society, Elsevier, vol. 67(C).
    21. Juma Buhimila Mabula & Han Dong Ping & Moshi James, 2023. "The Impact of African Firms’ Utilization of Financial and Technology Resource on Innovation: A Simple Mediation," SAGE Open, , vol. 13(1), pages 21582440231, February.
    22. Evans Osabuohien & Alhassan A-W Karakara, 2023. "Academic Mentoring Nature-Nurture Cycle: Some Insights from Own Experience," Working Papers 23/034, European Xtramile Centre of African Studies (EXCAS).
    23. R. V. Naveenan & Chee Yoong Liew & Ploypailin Kijkasiwat, 2024. "Nexus Between Financial Inclusion, Digital Inclusion and Health Outcomes: Evidence from Developing Economies," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 174(1), pages 367-408, August.

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    More about this item

    Keywords

    Bank patronage; Burkina Faso; Ghana; Households; ICT access; Remittance; O14; R22;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand

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