Financial Inclusion and Economic Development in Africa

• DOI: 10.24018/ejbmr.2022.7.2.1325
• Publication Date: 2022-03-25T12:37:42Z
• Authors: Ernest C. Winful; K. Opoku-Asante; Mathew O. Mensah; Josiah N. A. Quaye
• Keywords: Economic stability; Access to Finance

Post-2015 Development Agenda put financial inclusion as a key objective for United Nations member countries. This seeks to improve people's livelihoods, reduce poverty, and advance economic development in It is asserted that there significant relationship between development, which seek achieve. To corroborate panel data were collected from 2000 2017 41 countries Africa. Using GMM estimation technic, the article corroborates reviewed literature, asserts appositive relation. Of three attributes (financial access, stability, efficiency) of considered this article, access turned out be explaining Even though Africa far behind rest continent inclusiveness, some like South Seychelles have financially inclusive societies terms access. If can build society, would block linkages commercial banks' ability create money development. Policies maintain soundness stability banks other deposit-taking institutions are hitting nail on head.