Table 1 Summary statistics on selected...

Table 1

Summary statistics on selected household in Ghana

		N	Mean	SD	min	max
Vulnerability
Vulnerability index	Aggregate	2,698	4.983	1.898	1	14
	Western	263	5.274	1.878	2	12
	Central	103	5.252	1.934	2	9
	Greater Accra	1,051	5.174	1.826	1	12
	Volta	129	5.806	2.382	2	14
	Ashanti	509	4.619	1.743	1	10
	Ahafo	67	4.701	1.758	2	9
	Bono	223	4.888	2.040	2	13
	Bono East	98	5.173	2.225	2	12
	Northern	177	4.277	1.650	2	10
	Savanna	55	3.982	1.394	2	8
	North East	23	3.87	1.359	2	7
Digital financial inclusion	Aggregate	2,698	1.938	0.986	0	6
Financial inclusion index	Western	263	1.646	1.000	0	4
	Central	103	1.883	1.069	0	4
	Greater Accra	1,051	1.961	0.984	0	5
	Volta	129	1.969	1.096	0	4
	Ashanti	509	1.841	0.769	0	4
	Ahafo	67	2.537	0.974	0	5
	Bono	223	2.157	1.244	0	6
	Bono East	98	1.776	1.108	0	4
	Northern	177	2.028	0.862	0	4
	Savanna	55	2.164	0.688	1	4
	North East	23	2.043	1.022	0	4
Interoperability	Aggregate	2,698	0.231	0.422	0	1
	Western	263	0.205	0.405	0	1
	Central	103	0.233	0.425	0	1
	Greater Accra	1,051	0.302	0.459	0	1
	Volta	129	0.178	0.384	0	1
	Ashanti	509	0.12	0.325	0	1
	Ahafo	67	0.299	0.461	0	1
	Bono	223	0.269	0.444	0	1
	Bono East	98	0.194	0.397	0	1
	Northern	177	0.186	0.391	0	1
	Savanna	55	0.073	0.262	0	1
	North East	23	0.391	0.499	0	1
Financial literacy	Aggregate	2,697	5.557	1.155	1	7
Financial literacy index	Western	263	5.354	1.305	1	7
	Central	103	5.757	0.868	4	7
	Greater Accra	1,050	5.613	1.125	1	7
	Volta	129	5.24	1.210	2	7
	Ashanti	509	5.591	1.125	1	7
	Ahafo	67	5.746	1.133	3	7
	Bono	223	5.583	1.205	2	7
	Bono East	98	5.469	1.186	2	7
	Northern	177	5.638	1.150	2	7
	Savanna	55	5.109	1.117	2	7
	North East	23	5.478	1.123	3	7
Control variables
Gender	Aggregate	2,698	0.398	0.49	0	1
	Western	263	0.3	0.459	0	1
	Central	103	0.379	0.487	0	1
	Greater Accra	1,051	0.397	0.489	0	1
	Volta	129	0.395	0.491	0	1
	Ashanti	509	0.393	0.489	0	1
	Ahafo	67	0.463	0.502	0	1
	Bono	223	0.386	0.488	0	1
	Bono East	98	0.408	0.494	0	1
	Northern	177	0.52	0.501	0	1
	Savanna	55	0.473	0.504	0	1
	North East	23	0.609	0.499	0	1
Age	Aggregate	2,698	38.221	13	18	89
	Western	263	44.43	12.396	21	78
	Central	103	35.67	11.968	18	70
	Greater Accra	1,051	36.966	12.810	18	89
	Volta	129	41.798	15.487	19	87
	Ashanti	509	36.208	12.470	18	74
	Ahafo	67	39.119	12.908	19	73
	Bono	223	38.323	13.128	18	75
	Bono East	98	39.633	13.041	18	79
	Northern	177	38.068	12.268	18	79
	Savanna	55	42.818	9.836	27	68
	North East	23	41.043	12.861	25	72
Marital status	Aggregate	2,698	0.505	0.5	0	1
	Western	263	0.567	0.496	0	1
	Central	103	0.456	0.501	0	1
	Greater Accra	1,051	0.461	0.499	0	1
	Volta	129	0.55	0.499	0	1
	Ashanti	509	0.432	0.496	0	1
	Ahafo	67	0.522	0.503	0	1
	Bono	223	0.475	0.501	0	1
	Bono East	98	0.541	0.501	0	1
	Northern	177	0.746	0.437	0	1
	Savanna	55	0.873	0.336	0	1
	North East	23	0.739	0.449	0	1
Employment status	Aggregate	2,698	0.824	0.381	0	1
	Western	263	0.863	0.344	0	1
	Central	103	0.806	0.397	0	1
	Greater Accra	1,051	0.78	0.414	0	1
	Volta	129	0.729	0.446	0	1
	Ashanti	509	0.898	0.303	0	1
	Ahafo	67	0.746	0.438	0	1
	Bono	223	0.798	0.402	0	1
	Bono East	98	0.847	0.362	0	1
	Northern	177	0.921	0.271	0	1
	Savanna	55	0.909	0.290	0	1
	North East	23	0.783	0.422	0	1

		N	Mean	SD	min	max
Vulnerability
Vulnerability index	Aggregate	2,698	4.983	1.898	1	14
	Western	263	5.274	1.878	2	12
	Central	103	5.252	1.934	2	9
	Greater Accra	1,051	5.174	1.826	1	12
	Volta	129	5.806	2.382	2	14
	Ashanti	509	4.619	1.743	1	10
	Ahafo	67	4.701	1.758	2	9
	Bono	223	4.888	2.040	2	13
	Bono East	98	5.173	2.225	2	12
	Northern	177	4.277	1.650	2	10
	Savanna	55	3.982	1.394	2	8
	North East	23	3.87	1.359	2	7
Digital financial inclusion	Aggregate	2,698	1.938	0.986	0	6
Financial inclusion index	Western	263	1.646	1.000	0	4
	Central	103	1.883	1.069	0	4
	Greater Accra	1,051	1.961	0.984	0	5
	Volta	129	1.969	1.096	0	4
	Ashanti	509	1.841	0.769	0	4
	Ahafo	67	2.537	0.974	0	5
	Bono	223	2.157	1.244	0	6
	Bono East	98	1.776	1.108	0	4
	Northern	177	2.028	0.862	0	4
	Savanna	55	2.164	0.688	1	4
	North East	23	2.043	1.022	0	4
Interoperability	Aggregate	2,698	0.231	0.422	0	1
	Western	263	0.205	0.405	0	1
	Central	103	0.233	0.425	0	1
	Greater Accra	1,051	0.302	0.459	0	1
	Volta	129	0.178	0.384	0	1
	Ashanti	509	0.12	0.325	0	1
	Ahafo	67	0.299	0.461	0	1
	Bono	223	0.269	0.444	0	1
	Bono East	98	0.194	0.397	0	1
	Northern	177	0.186	0.391	0	1
	Savanna	55	0.073	0.262	0	1
	North East	23	0.391	0.499	0	1
Financial literacy	Aggregate	2,697	5.557	1.155	1	7
Financial literacy index	Western	263	5.354	1.305	1	7
	Central	103	5.757	0.868	4	7
	Greater Accra	1,050	5.613	1.125	1	7
	Volta	129	5.24	1.210	2	7
	Ashanti	509	5.591	1.125	1	7
	Ahafo	67	5.746	1.133	3	7
	Bono	223	5.583	1.205	2	7
	Bono East	98	5.469	1.186	2	7
	Northern	177	5.638	1.150	2	7
	Savanna	55	5.109	1.117	2	7
	North East	23	5.478	1.123	3	7
Control variables
Gender	Aggregate	2,698	0.398	0.49	0	1
	Western	263	0.3	0.459	0	1
	Central	103	0.379	0.487	0	1
	Greater Accra	1,051	0.397	0.489	0	1
	Volta	129	0.395	0.491	0	1
	Ashanti	509	0.393	0.489	0	1
	Ahafo	67	0.463	0.502	0	1
	Bono	223	0.386	0.488	0	1
	Bono East	98	0.408	0.494	0	1
	Northern	177	0.52	0.501	0	1
	Savanna	55	0.473	0.504	0	1
	North East	23	0.609	0.499	0	1
Age	Aggregate	2,698	38.221	13	18	89
	Western	263	44.43	12.396	21	78
	Central	103	35.67	11.968	18	70
	Greater Accra	1,051	36.966	12.810	18	89
	Volta	129	41.798	15.487	19	87
	Ashanti	509	36.208	12.470	18	74
	Ahafo	67	39.119	12.908	19	73
	Bono	223	38.323	13.128	18	75
	Bono East	98	39.633	13.041	18	79
	Northern	177	38.068	12.268	18	79
	Savanna	55	42.818	9.836	27	68
	North East	23	41.043	12.861	25	72
Marital status	Aggregate	2,698	0.505	0.5	0	1
	Western	263	0.567	0.496	0	1
	Central	103	0.456	0.501	0	1
	Greater Accra	1,051	0.461	0.499	0	1
	Volta	129	0.55	0.499	0	1
	Ashanti	509	0.432	0.496	0	1
	Ahafo	67	0.522	0.503	0	1
	Bono	223	0.475	0.501	0	1
	Bono East	98	0.541	0.501	0	1
	Northern	177	0.746	0.437	0	1
	Savanna	55	0.873	0.336	0	1
	North East	23	0.739	0.449	0	1
Employment status	Aggregate	2,698	0.824	0.381	0	1
	Western	263	0.863	0.344	0	1
	Central	103	0.806	0.397	0	1
	Greater Accra	1,051	0.78	0.414	0	1
	Volta	129	0.729	0.446	0	1
	Ashanti	509	0.898	0.303	0	1
	Ahafo	67	0.746	0.438	0	1
	Bono	223	0.798	0.402	0	1
	Bono East	98	0.847	0.362	0	1
	Northern	177	0.921	0.271	0	1
	Savanna	55	0.909	0.290	0	1
	North East	23	0.783	0.422	0	1

Note(s): The data comprises of 2,698 household across 11 Administrative Regions in Ghana

Table 1 presents summary statistics of vulnerability, digital financial inclusion, financial literacy and other control variables. Interoperability which is measured as a dichotomous variable that takes the value 1 when the respondent is to have made a payment across another network and 0 when otherwise is observed. This is regressed against the explanatory variables: financial literacy, gender, age, region, marital status, and employment. Financial literacy is measured by assessing basic knowledge on seven concepts necessary for financial decision making. Gender is measured as two mutually exclusive and exhaustive categories, that is male or female. It takes the value 1 when the respondent is male and 0 when otherwise is observed. The age is the of the respondent. The region is the region in which the respondent resides. Marital status measure whether the respondent is or not. It takes the value of 1 if the respondent is married and 0 otherwise. The employment status measures whether the person is in gainful employment

Source(s): Authors' own calculation

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