Abstract:
ABSTRACT
This study employed the structural equation model with the maximum
likelihood estimation technique to examine the effect of digital financial
services on women economic empowerment in Ghana. Secondary data from
the Ghana living standard survey round 7 was used for the study with a sample
size of 11,308 women. The study found that, digital financial services (ATM,
E-zwich, E-banking and mobile money) had significant relationship with
socio-economic correlates such as education, autonomy, ICT skills, residence
(rural/urban) and region among women in Ghana. The study also revealed that
digital financial services had a significant effect on women economic
empowerment, implying the enhancing effect digital financial services has on
women economic empowerment. Considering the results, the study
recommended that, policy makers and financial service providers should
institute measures that enhance access to and utilization of digital financial
products among women.