Peer-to-peer (P2P) borrowing and its effect on financial well-being in Ghana

IF 2.2 Q2 DEVELOPMENT STUDIES

World Development Perspectives Pub Date : 2026-09-01 Epub Date: 2026-09-12 DOI:10.1016/j.wdp.2026.100834

Michael Owusu Appiah, Musa Sam

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引用次数: 0

Abstract

The study develops a unified model to examine how P2P borrowing influences financial well-being in Ghana. Based on 550 validated survey responses collected nationwide from January to June 2025, we used Partial Least Squares-Structural Equation Modelling (PLS-SEM) and R programming for data analysis. P2P borrowing was evaluated through five key factors: intention, motivation, perceived benefit, perceived risk, and trust. The analysis showed a significant positive effect of P2P borrowing on financial well-being. However, perceived risk, which serves as an indicator for P2P, demonstrates a negative effect on financial well-being. Based on these results, the study recommends expanding financial literacy programmes in Ghana to include targeted modules on P2P borrowing. The programmes should emphasise both their benefits and potential risks. Additionally, regulators and participants involved in P2P borrowing should collaborate to foster trust and minimise perceived risk. This can be achieved through transparent practices, user protection policies, and accessible customer support. These approaches can boost Ghanaians' confidence and participation in P2P borrowing, thereby improving their financial well-being.

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点对点（P2P）借贷及其对加纳财务状况的影响

该研究开发了一个统一的模型来研究P2P借贷如何影响加纳的财务状况。基于2025年1 - 6月在全国范围内收集的550份有效的调查问卷，我们使用偏最小二乘-结构方程模型（PLS-SEM）和R编程进行数据分析。通过五个关键因素对P2P借贷进行评估：意图、动机、感知利益、感知风险和信任。分析表明，P2P借贷对财务状况有显著的积极影响。然而，感知风险，作为P2P的一个指标，显示了对财务健康的负面影响。基于这些结果，该研究建议扩大加纳的金融知识普及计划，将P2P借贷的目标模块纳入其中。这些项目应强调它们的好处和潜在风险。此外，监管机构和参与P2P借贷的参与者应合作培养信任，并将感知风险降至最低。这可以通过透明的实践、用户保护策略和可访问的客户支持来实现。这些方法可以增强加纳人对P2P借贷的信心和参与，从而改善他们的财务状况。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

World Development Perspectives Social Sciences-Sociology and Political Science

CiteScore

4.50

自引率

0.00%

发文量

审稿时长

84 days

期刊介绍： World Development Perspectives is a multi-disciplinary journal of international development. It seeks to explore ways of improving human well-being by examining the performance and impact of interventions designed to address issues related to: poverty alleviation, public health and malnutrition, agricultural production, natural resource governance, globalization and transnational processes, technological progress, gender and social discrimination, and participation in economic and political life. Above all, we are particularly interested in the role of historical, legal, social, economic, political, biophysical, and/or ecological contexts in shaping development processes and outcomes.