insurances, as is largely done in the literature. In contrast to previous research, it is assumed that households' choice for any … demand for savings, loans and insurances by applying a multivariate probit model on household survey data from rural Ghana …. On the one hand, the estimation results confirm the common finding that poorer households are less likely to participate …

Ghana. On the one hand, the estimation results confirm the common finding that poorer households are less likely to … insurance - as is largely done in the literature. In contrast to previous research, this study assumes that households' choices … participate in the formal financial sector than better-off households. On the other hand, there is empirical evidence that the use …