ICT adoption, bank performance & development in Sub-Saharan Africa: a dynamic panel analysis

Ekene S. AGUEGBOH*, Chinonso V. AGU, Vivian I. NNETU-OKOLIEUWA

*Corresponding author for this work

Research output: Journal PublicationsJournal Article (refereed)peer-review

3 Citations (Scopus)


This paper examines the effect of information and communication technology on bank performance and development in the Sub-Saharan African banking industry. We employ a generalized method of moments technique with a panel data of 35 sub-Saharan African countries on the access and use of automated teller machines, mobile money transactions, return on assets, returns on earning, and net interest margin. The results reveal that while the access and use of automated teller machines are negatively associated with return on assets, they have positive and significant effects on return on earning and net interest margin. The findings suggest that information and communication technology adoption affects bank performance mainly in the short run. We conclude that the discrepancy in how it affects return on assets compared to return on earnings and net interest margin is mainly based on how bank performance is measured.
Original languageEnglish
Pages (from-to)1-17
JournalInformation Technology for Development
Publication statusE-pub ahead of print - 27 Oct 2022

Bibliographical note

Publisher Copyright:
© 2022 Commonwealth Secretariat.


  • Information and communication technology
  • bank performance
  • economic growth and development
  • economic growth
  • and development

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