Financial Inclusion In Sub-Saharan Africa : A Multidimensional Index

Abstract

Financial inclusion has emerged as a crucial enabler for sustainable development, with significant implications for poverty reduction, economic growth, and gender equality. Despite the growing recognition of its importance, measuring financial inclusion remains a complex challenge, particularly in the context of Sub-Saharan Africa, where countries face unique challenges and opportunities. This thesis aims to contribute to the literature by developing a comprehensive, multidimensional financial inclusion index specifically tailored to the Sub-Saharan African context. Building upon previous methodologies, the index incorporates an expanded set of both demand-side and supply-side indicators across key dimensions of financial inclusion. The insights generated by this research have important policy implications, providing a valuable tool for policymakers to diagnose bottlenecks, prioritize reforms, and track progress over time. By contributing to the evidence base on financial inclusion measurement and its implications, this thesis aims to support the development of more efficient, equitable, and inclusive financial systems across SubSaharan Africa.