The role of technology on savings behaviour among market women in Ejisu municipality

Abstract

Over the world, the role of technology in ensuring growth and development cannot be over emphaised. The study seeks to find answer to the problem, savings behaviour and its effect on trade activities among market women within Ejisu Municipality with highlight on the role of technology. The study used a sample size of 250 and adopted a cluster and accidental sample technique with Binary logistic regression as an estimation technique; it was found that Average income, Family size, marriage, and trust are the factors that affect market women‘s savings behaviour within the Ejisu municipality using technology. The study concluded that technology is capable of improving savings behaviour of market women in Ejisu. It was further found that fraud, poor network, high charges, and complexity in using available technology for savings are the limiting factors. It was recommended that the government through National Communication Authority (NCA) and National Commission for Civic Education (NCCE) should educate citizens through the media on how the activities of the fraudsters, improve network system, reduce transaction charges via tax reduction affect these technology providers.