Factors Affecting Mobile Money Usage in Ghana

This study delves into the factors that influence the utilization of mobile money services and their impact on human livelihoods in Ghana. The theoretical framework employed was the Technology Acceptance Model (TAM), and the data used were validated through factor and regression analyses. A structured questionnaire was used to collect data from 385 mobile money users in Ghana, selected through purposive and Simple Random sampling approaches from the central and western belts of the country. The study found that consumers' likelihood of using mobile money services was significantly influenced by their perceived usefulness (PU), ease of learning (PEOU), and ease of use (PEOU), with PUF having a less significant impact on usage. The study concluded that the usage of mobile money services was significantly affected by perceived usefulness (PU), ease of learning (PEOL), and ease of use (PEOU), but PEOU had a less significant effect on usage. The study also found that mobile money usage has greatly impacted human subsistence by promoting financial inclusion for the unbanked, increasing remittance flows, and providing access to other financial services.

Authors

Publication Details

Journal
Journal of investment, banking and finance.
Published
2025-04-25
DOI
https://doi.org/10.33140/jibf.03.01.13
Primary Topic
Microfinance and Financial Inclusion
Type
article
Field-Weighted Citation Impact
0.00
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article

Factors Affecting Mobile Money Usage in Ghana

Charles Aaron Adams Ekuban, Fye Sheikh Omar
Journal of investment, banking and finance.
Microfinance and Financial Inclusion
article

Factors Affecting Mobile Money Usage in Ghana

Charles Aaron Adams Ekuban, Fye Sheikh Omar
article en

Abstract

This study delves into the factors that influence the utilization of mobile money services and their impact on human livelihoods in Ghana. The theoretical framework employed was the Technology Acceptance Model (TAM), and the data used were validated through factor and regression analyses. A structured questionnaire was used to collect data from 385 mobile money users in Ghana, selected through purposive and Simple Random sampling approaches from the central and western belts of the country. The study found that consumers' likelihood of using mobile money services was significantly influenced by their perceived usefulness (PU), ease of learning (PEOU), and ease of use (PEOU), with PUF having a less significant impact on usage. The study concluded that the usage of mobile money services was significantly affected by perceived usefulness (PU), ease of learning (PEOL), and ease of use (PEOU), but PEOU had a less significant effect on usage. The study also found that mobile money usage has greatly impacted human subsistence by promoting financial inclusion for the unbanked, increasing remittance flows, and providing access to other financial services.

Journal of investment, banking and finance.Vol. 3(1)
Openalex Percentile: Top 85%
Microfinance and Financial Inclusion
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