The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in...

We study the impact of mobile money transfers to a representative sample of low-income Ghanaians during the COVID-19 pandemic. The announcement of the upcoming transfers affects neither consumption, well-being, nor social distancing. Once disbursed, transfers increase food expenditure by 8%,...

Smallholder farmers' investment decisions and the efficiency of resource allocation depend on the security of land tenure. This paper develops a simple model that captures essential institutional features of rural land markets in Ghana, including the dependence of future rights over land on...