News

ReFinD has released the report “Firms and Digital Payments: Evidence from Censal Microdata,” providing the first census-level assessment of digital financial services (DFS) adoption among 1.8 million firms in Ghana.

Based on data from the 2024 Integrated Business Establishment Survey (IBES), the study explores key trends, drivers, and barriers to DFS adoption. It highlights widespread use of personal mobile money accounts, the growth benefits of merchant accounts, and challenges such as knowledge gaps, fraud concerns, and limited perceived returns.

The Institute of Statistical, Social and Economic Research (ISSER), in collaboration with the ReFinD Research Initiative (ReFinD) and the Ghana Statistical Service (GSS), is set to launch the first-ever comprehensive census on digital financial services (DFS) adoption among businesses in Ghana. The landmark report, which will be launched on April 8, 2025, at ISSER, presents findings from the Integrated Business Establishment Census (IBES) 2024.

Facilitators from ISSER, Naara Rural Rural Bank and META Foundation in a group photo with participants

Participants at the workshop commended the study for helping them adopt digital tools to improve their businesses.