<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The study sought to examine the differences between savers and non-savers among a cross-section of 562 farmers randomly selected from six districts in three regions (Ashanti, Brong Ahafo and Upper East) of Ghana. By means of descriptive statistics in the form of frequencies and percentages, the study segregated the respondents into savers and non-savers and Kendall coefficient of concordance was employed to identify the motives of saving among savers and non-saving among non-savers. In order to test whether savers and non-savers differ in relationship to some key socio-economic demographic characteristics, a series of Pearson’s Chi-tests for independence were employed. Finally, by the application of economic-psychology theory on financial savings through binary logistic regression, the study examined empirical differences between savers and non-savers. The study found out that in terms of a key economic variable, that is, income generated from tomato production, savers tend not to differ from non-savers. The issue then is since savers are faced with similar economic challenges relating to their income generating activities, but still manages to save, then the differences between savers and non-saver go beyond economic reasons. Thus, the distinction between saving and non-saving which is underlined by psychological traits have been found to be mainly behavioural and demographic in nature conveying the idea that rural households themselves have a significant part to play with regards to forming, improving and maintaining their savings habits.</p></abstract>

The study sought to examine the differences between savers and non-savers among a cross-section of 562 farmers randomly selected from six districts in three regions (Ashanti, Brong Ahafo and Upper East) of Ghana. By means of descriptive statistics in the form of frequencies and percentages, the study segregated the respondents into savers and non-savers and Kendall coefficient of concordance was employed to identify the motives of saving among savers and non-saving among non-savers. In order to test whether savers and non-savers differ in relationship to some key socio-economic demographic characteristics, a series of Pearson’s Chi-tests for independence were employed. Finally, by the application of economic-psychology theory on financial savings through binary logistic regression, the study examined empirical differences between savers and non-savers. The study found out that in terms of a key economic variable, that is, income generated from tomato production, savers tend not to differ from non-savers. The issue then is since savers are faced with similar economic challenges relating to their income generating activities, but still manages to save, then the differences between savers and non-saver go beyond economic reasons. Thus, the distinction between saving and non-saving which is underlined by psychological traits have been found to be mainly behavioural and demographic in nature conveying the idea that rural households themselves have a significant part to play with regards to forming, improving and maintaining their savings habits.

Comparative Analysis of Savers and Non-Savers among Tomato Farmers in Ghana

Faculty of Applied Sciences, Wenchi – Brong Ahafo Region

Agricultura Tropica et Subtropica

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Comparative Analysis of Savers and Non-Savers among Tomato Farmers in Ghana"}

The study sought to examine the differences between savers and non-savers among a cross-section of 562 farmers randomly selected from six districts in three...

Comparative Analysis of Savers and Non-Savers among Tomato Farmers in Ghana

Published Online: Apr 11, 2018

Page range: 175 - 189

Received: Nov 17, 2017

Accepted: Feb 14, 2018

DOI: https://doi.org/10.1515/ats-2017-0019

Keywords
savings, income, consumption, motives, households, conscious effort to save

© 2017 Daniel Aidoo-Mensah, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Comparative Analysis of Savers and Non-Savers among Tomato Farmers in Ghana

Published Online: Apr 11, 2018

Page range: 175 - 189

Received: Nov 17, 2017

Accepted: Feb 14, 2018

DOI: https://doi.org/10.1515/ats-2017-0019

Keywordssavings, income, consumption, motives, households, conscious effort to save

© 2017 Daniel Aidoo-Mensah, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Keywords
savings, income, consumption, motives, households, conscious effort to save