In this paper, using the ARDL bounds approach and augmented Solow framework, we explore the impacts of capital inflows (remittances, foreign direct investment and overseas development assistance) and financial–technology inclusion viz. remittance on per worker income in Sub–Saharan Africa (SSA) for the periods 1970–2010. The results show that growth in the region is lead by capital productivity. Although information and communications technology (ICT) per se has a negative effect on income, when ICT is associated with financial development and remittances, the effects are positive in both short run and long run. Thus, there is a need for greater financial and technology inclusion - linking remittance industry with financial and ICT services. Overseas development assistance (ODA) shows a negative elasticity while FDI and remittances per se is negative and not statistically significant. SSA's predominantly ruralised economic structure further calls for greater accessibility, affordability and inclusivity of financial and ICT services linked to remittances market, development of critical, infrastructures, key sector reforms, and well managed and assessed ODA and FDI inflows for sustainable pro–growth development.
Keywords: capital inflows, remittances, financial development, information technology, communications technology, ICT, economic growth, ARDL bounds, Sub–Saharan Africa, SSA, foreign direct investment, FDI, overseas development assistance