Impacts of Financial Inclusion on Youth Development - Findings from the Ghana YouthSave Experiment
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- Title
- Impacts of Financial Inclusion on Youth Development - Findings from the Ghana YouthSave Experiment
- Author
- Gina Chowa; Rainier Masa; David Ansong; Mat Despard; Shiyou Wu; Deborah Hughes; Isaac Osei-Akoto; Stephen Afranie; Naa Adjorkor; Mark-Sowah; Charles Ofori-Acquah; YungSoo Lee; Lissa Johnson; Michael Sherraden
- Year
- 2015
- Publication/Event Date
- 2015
- Abstract
- The Ghana YouthSave Experiment investigated whether and how youth savings accounts affect financial capability; psychosocial, education, and health outcomes; and economic well-being of Ghanaian youth and their households. The research rigor in the Ghana experiment is unprecedented in resource-limited countries; therefore, it offers an opportunity to posit causal relationships between savings and youth development. This endline report, which comes three years after the baseline report, describes the Ghana experiment and presents experimental findings of YouthSave. The key research questions this report aims to answer is whether the Ghana experiment improved (1) savings patterns and performance for low-income youth; (2) low-income youth's financial capability; (3) expectations and aspirations; (4) academic performance; and (5) low-income youth's health attitudes and behaviors, including sexual risk taking.
- Resource Subject
-
- Financial Education
- Financial Inclusion
- Financial Services
- Youth
- Keywords/Access Points
- financial capability; youth developmental impacts; low-income households; savings accounts; local financial institutions (FI); early savings; in-school banking;
- Geographic Locations
-
- Ghana
- Language
-
- English
- Demographic Groups
-
- Youth
- Special Collections
-
- Knowledge Exchange Resources
- Archival Record ID
- MFA.2024.1502