ABSTRACTThis research aimed at investigating the effect of financial inclusion on poverty reduction among low-income rural households in Jaman North District in Bono Region. The research adopted a descriptive survey design by using quantitative research approach. The researcher used purposive and convenience sampling to engage sixty-six (66) low-income earners in …
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ABSTRACTThis research aimed at investigating the effect of financial inclusion on poverty reduction among low-income rural households in Jaman North District in Bono Region. The research adopted a descriptive survey design by using quantitative research approach. The researcher used purposive and convenience sampling to engage sixty-six (66) low-income earners in Jaman North District which represent hundred percent (75%) of the population for the study. The researcher used questionnaire as his main data collection instrument and a structured questionnaire was used to collect data from the employees. The data gathered from the questionnaire were analyzed by using SPSS software. Descriptive statistics method (mean, standard deviation), as well as correlation and regression analysis, was used for analyzing data obtained from the questionnaires. The result of the analysis was however presented using bar chat and tables. In general, findings gathered revealed that the benefits of financial inclusion on poverty reduction among low-income earners in Jaman North District. Some of these benefits are; financial inclusion improves household income, aids assets building, enhances increased financial security, reduces vulnerability and serves as an avenue for job creation. Again, the study also discovered that financial inclusion aid in poverty reduction of low-income earners in Jaman North District through its significant effects. The study concluded that financial inclusion faced some challenges that hinders its effective implementation of poverty reduction among low-income rural households. Notable among them are lack of financial literacy leading to low knowledge of financial inclusion, poor commitment and competencies of financial services, lack of branches of financial institutions in some rural or urban areas, and banks operation in high cost leading to lack of usage of financial inclusion. Finally, the study recommended that the financial institutions should ensure educating the people on the importance of financial inclusion, ensure they create more branches across the rural and urban areas, improve on their commitment and competencies in the delivery of financial services and, try to install ATM machines at vintage points in the Jaman North District.TABLE OF CONTENTPageDECLARATIONABSTRACTKEY WORDSACKNOWLEDGEMENTSDEDICATIONTABLE OF CONTENTLIST OF TABLESLIST OF FIGURESLIST OF ACRONYMSCHAPTER ONE: INTRODUCTIONBackground of StudyProblem StatementResearch ObjectivesResearch QuestionsSignificance of the StudyDelimitationsLimitationsDefinition of TermsOrganization of the StudyCHAPTER TWO: LITERATURE REVIEWIntroductionTheoretical LiteratureVulnerable Group Theory of Financial InclusionMarxian/Radical Theory of PovertyConceptual LiteratureFinancial InclusionPoverty ReductionFinancial Inclusion and Poverty ReductionFinancial Inclusion and Economic GrowthRole of Banks in Financial InclusionBenefits of Financial Inclusion on Poverty ReductionImportance of Financial InclusionChallenges of Financial InclusionEmpirical LiteratureConceptual FrameworkCHAPTER THREE: RESEARCH METHODSIntroductionResearch DesignStudy AreaPopulationSampling ProcedureData Collection InstrumentsData Collection ProceduresData Processing and AnalysisEthical ConsiderationChapter SummaryCHAPTER FOUR: RESULTS AND DISCUSSIONSIntroductionPresentation of ResultsDemographic Characteristics of RespondentsBenefits of Financial Inclusion on Poverty Reduction among the Low-Income Individuals and Households in Jaman North District.Effect of Financial Inclusion on Poverty Reduction among the Low-Income Individuals and Households in Jaman North District.Correlation MatrixRegression AnalysisChallenges of Financial InclusionDiscussion of ResultsCHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONSIntroductionSummary of the Major FindingsConclusion of the Major FindingsRecommendationsSuggestions for Future StudiesAPPENDIXREFERENCES
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