Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region

Yenibehit Nanii; Awoyemi Abiodun Emmanuel; Akorsikumah Eli Andreaws; Akurugu Sumaila; Adongo Azure Simon; Adam Umar; Alhassan Abdul Fataw

doi:doi:10.11648/j.ijae.20200503.13

Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region

Yenibehit Nanii, Awoyemi Abiodun Emmanuel, Akorsikumah Eli Andreaws, Akurugu Sumaila, Adongo Azure Simon, Adam Umar, Alhassan Abdul Fataw

Published in International Journal of Agricultural Economics (Volume 5, Issue 3)

Received: 2 May 2020 Accepted: 26 May 2020 Published: 17 June 2020

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Abstract

This paper adopted the PPO model to examine determinants of the confidence level of farmers on the financial institutions using 274 randomly selected farmers from Ejura Sekeredumase Municipality. About 44.9% of the farmers reported not having confidence in the financial institutions of the country, 21.9% were somehow confident in the sector, 17.5% were confident whereas only 15.7% were very confident in the sector. Male farmers were more likely to be very confident in the financial sector whilst education in years, farmers who ever lost savings or investment as well as those with current savings and/or investment all had positive outcome in the likelihood of being very confident in the financial sector. Duration of farmers with a financial institution and farmers who ever encountered challenges in a financial institution are less likely to be very confident in financial institutions in Ghana. The Central Bank should develop a different proactive educational model or approach to educate farmers on how to identify risk and other exposures that may be associated with the financial institutions operating in the rural areas in order to enable them to take decisions towards savings and investment. This will boost their confidence levels.

Published in	International Journal of Agricultural Economics (Volume 5, Issue 3)
DOI	10.11648/j.ijae.20200503.13
Page(s)	71-79
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Ejura Sekeredumase Municipality, Farmers, Financial Institutions, Parallel Lines Assumptions, Partial Proportional Odds Model

References

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APA Style

Yenibehit Nanii, Awoyemi Abiodun Emmanuel, Akorsikumah Eli Andreaws, Akurugu Sumaila, Adongo Azure Simon, et al. (2020). Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region. International Journal of Agricultural Economics, 5(3), 71-79. https://doi.org/10.11648/j.ijae.20200503.13

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ACS Style

Yenibehit Nanii; Awoyemi Abiodun Emmanuel; Akorsikumah Eli Andreaws; Akurugu Sumaila; Adongo Azure Simon, et al. Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region. Int. J. Agric. Econ. 2020, 5(3), 71-79. doi: 10.11648/j.ijae.20200503.13

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AMA Style

Yenibehit Nanii, Awoyemi Abiodun Emmanuel, Akorsikumah Eli Andreaws, Akurugu Sumaila, Adongo Azure Simon, et al. Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region. Int J Agric Econ. 2020;5(3):71-79. doi: 10.11648/j.ijae.20200503.13

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@article{10.11648/j.ijae.20200503.13,
  author = {Yenibehit Nanii and Awoyemi Abiodun Emmanuel and Akorsikumah Eli Andreaws and Akurugu Sumaila and Adongo Azure Simon and Adam Umar and Alhassan Abdul Fataw},
  title = {Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region},
  journal = {International Journal of Agricultural Economics},
  volume = {5},
  number = {3},
  pages = {71-79},
  doi = {10.11648/j.ijae.20200503.13},
  url = {https://doi.org/10.11648/j.ijae.20200503.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20200503.13},
  abstract = {This paper adopted the PPO model to examine determinants of the confidence level of farmers on the financial institutions using 274 randomly selected farmers from Ejura Sekeredumase Municipality. About 44.9% of the farmers reported not having confidence in the financial institutions of the country, 21.9% were somehow confident in the sector, 17.5% were confident whereas only 15.7% were very confident in the sector. Male farmers were more likely to be very confident in the financial sector whilst education in years, farmers who ever lost savings or investment as well as those with current savings and/or investment all had positive outcome in the likelihood of being very confident in the financial sector. Duration of farmers with a financial institution and farmers who ever encountered challenges in a financial institution are less likely to be very confident in financial institutions in Ghana. The Central Bank should develop a different proactive educational model or approach to educate farmers on how to identify risk and other exposures that may be associated with the financial institutions operating in the rural areas in order to enable them to take decisions towards savings and investment. This will boost their confidence levels.},
 year = {2020}
}

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TY  - JOUR
T1  - Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region
AU  - Yenibehit Nanii
AU  - Awoyemi Abiodun Emmanuel
AU  - Akorsikumah Eli Andreaws
AU  - Akurugu Sumaila
AU  - Adongo Azure Simon
AU  - Adam Umar
AU  - Alhassan Abdul Fataw
Y1  - 2020/06/17
PY  - 2020
N1  - https://doi.org/10.11648/j.ijae.20200503.13
DO  - 10.11648/j.ijae.20200503.13
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 71
EP  - 79
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20200503.13
AB  - This paper adopted the PPO model to examine determinants of the confidence level of farmers on the financial institutions using 274 randomly selected farmers from Ejura Sekeredumase Municipality. About 44.9% of the farmers reported not having confidence in the financial institutions of the country, 21.9% were somehow confident in the sector, 17.5% were confident whereas only 15.7% were very confident in the sector. Male farmers were more likely to be very confident in the financial sector whilst education in years, farmers who ever lost savings or investment as well as those with current savings and/or investment all had positive outcome in the likelihood of being very confident in the financial sector. Duration of farmers with a financial institution and farmers who ever encountered challenges in a financial institution are less likely to be very confident in financial institutions in Ghana. The Central Bank should develop a different proactive educational model or approach to educate farmers on how to identify risk and other exposures that may be associated with the financial institutions operating in the rural areas in order to enable them to take decisions towards savings and investment. This will boost their confidence levels.
VL  - 5
IS  - 3
ER  -

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Author Information

Yenibehit Nanii

Department of Agribusiness, Animal Health and Production College, Pong Tamale, Ministry of Food and Agriculture (MoFA), Pong-Tamale, Ghana; Department of Agricultural and Resource Economics, University for Development Studies (UDS), Nyankpala Campus, Nyankpala, Ghana
Awoyemi Abiodun Emmanuel

Department of Agricultural and Resource Economics, University for Development Studies (UDS), Nyankpala Campus, Nyankpala, Ghana
Akorsikumah Eli Andreaws

Department of Agricultural and Resource Economics, University for Development Studies (UDS), Nyankpala Campus, Nyankpala, Ghana
Akurugu Sumaila

Department of Agricultural and Resource Economics, University for Development Studies (UDS), Nyankpala Campus, Nyankpala, Ghana; Department of Social Welfare and Community Development, Tolon District Assembly, Tolon - Northern Region, Ghana
Adongo Azure Simon

Department of Agricultural and Resource Economics, University for Development Studies (UDS), Nyankpala Campus, Nyankpala, Ghana
Adam Umar

Department of Agricultural and Resource Economics, University for Development Studies (UDS), Nyankpala Campus, Nyankpala, Ghana
Alhassan Abdul Fataw

Department of Agricultural and Resource Economics, University for Development Studies (UDS), Nyankpala Campus, Nyankpala, Ghana

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APA Style

Yenibehit Nanii, Awoyemi Abiodun Emmanuel, Akorsikumah Eli Andreaws, Akurugu Sumaila, Adongo Azure Simon, et al. (2020). Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region. International Journal of Agricultural Economics, 5(3), 71-79. https://doi.org/10.11648/j.ijae.20200503.13

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ACS Style

Yenibehit Nanii; Awoyemi Abiodun Emmanuel; Akorsikumah Eli Andreaws; Akurugu Sumaila; Adongo Azure Simon, et al. Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region. Int. J. Agric. Econ. 2020, 5(3), 71-79. doi: 10.11648/j.ijae.20200503.13

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AMA Style

Yenibehit Nanii, Awoyemi Abiodun Emmanuel, Akorsikumah Eli Andreaws, Akurugu Sumaila, Adongo Azure Simon, et al. Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region. Int J Agric Econ. 2020;5(3):71-79. doi: 10.11648/j.ijae.20200503.13

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@article{10.11648/j.ijae.20200503.13,
  author = {Yenibehit Nanii and Awoyemi Abiodun Emmanuel and Akorsikumah Eli Andreaws and Akurugu Sumaila and Adongo Azure Simon and Adam Umar and Alhassan Abdul Fataw},
  title = {Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region},
  journal = {International Journal of Agricultural Economics},
  volume = {5},
  number = {3},
  pages = {71-79},
  doi = {10.11648/j.ijae.20200503.13},
  url = {https://doi.org/10.11648/j.ijae.20200503.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20200503.13},
  abstract = {This paper adopted the PPO model to examine determinants of the confidence level of farmers on the financial institutions using 274 randomly selected farmers from Ejura Sekeredumase Municipality. About 44.9% of the farmers reported not having confidence in the financial institutions of the country, 21.9% were somehow confident in the sector, 17.5% were confident whereas only 15.7% were very confident in the sector. Male farmers were more likely to be very confident in the financial sector whilst education in years, farmers who ever lost savings or investment as well as those with current savings and/or investment all had positive outcome in the likelihood of being very confident in the financial sector. Duration of farmers with a financial institution and farmers who ever encountered challenges in a financial institution are less likely to be very confident in financial institutions in Ghana. The Central Bank should develop a different proactive educational model or approach to educate farmers on how to identify risk and other exposures that may be associated with the financial institutions operating in the rural areas in order to enable them to take decisions towards savings and investment. This will boost their confidence levels.},
 year = {2020}
}

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TY  - JOUR
T1  - Determinants of Farmers’ Confidence Level in the Financial Sector of Ghana: A Case of the Ejura Sekeredumase Municipality of the Ashanti Region
AU  - Yenibehit Nanii
AU  - Awoyemi Abiodun Emmanuel
AU  - Akorsikumah Eli Andreaws
AU  - Akurugu Sumaila
AU  - Adongo Azure Simon
AU  - Adam Umar
AU  - Alhassan Abdul Fataw
Y1  - 2020/06/17
PY  - 2020
N1  - https://doi.org/10.11648/j.ijae.20200503.13
DO  - 10.11648/j.ijae.20200503.13
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 71
EP  - 79
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20200503.13
AB  - This paper adopted the PPO model to examine determinants of the confidence level of farmers on the financial institutions using 274 randomly selected farmers from Ejura Sekeredumase Municipality. About 44.9% of the farmers reported not having confidence in the financial institutions of the country, 21.9% were somehow confident in the sector, 17.5% were confident whereas only 15.7% were very confident in the sector. Male farmers were more likely to be very confident in the financial sector whilst education in years, farmers who ever lost savings or investment as well as those with current savings and/or investment all had positive outcome in the likelihood of being very confident in the financial sector. Duration of farmers with a financial institution and farmers who ever encountered challenges in a financial institution are less likely to be very confident in financial institutions in Ghana. The Central Bank should develop a different proactive educational model or approach to educate farmers on how to identify risk and other exposures that may be associated with the financial institutions operating in the rural areas in order to enable them to take decisions towards savings and investment. This will boost their confidence levels.
VL  - 5
IS  - 3
ER  -

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