Financial Literacy Assessment on Tertiary Students in Sub-Saharan Africa: A Ghanaian Perspective

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dc.contributor.authorGyimah, Prince
dc.contributor.authorSarpong-Danquah B
dc.contributor.authorPoku, K.
dc.contributor.authorOsei-Poku, B
dc.date.accessioned2023-11-27T14:28:23Z
dc.date.available2023-11-27T14:28:23Z
dc.date.issued2018-04-08
dc.description.abstractThe study assesses the financial literacy level among tertiary students in Sub-Saharan Africa country, Ghana. The study uses primary data through self-administered questionnaires, and employs purposive sampling to select four hundred and eighty (480) students across tertiary institutions in Ghana for data analysis. The study reaffirms that on the average, students lack financial knowledge especially on insurance (mean = 40.54 percent). However, students portray the highest level of financial literacy in savings and borrowing (mean = 52.88 percent). Also, information technology positively influences 95 percent of student’s financial literacy. We recommend that tertiary institutions should inculcate educational program on financial literacy to broaden understanding of financial issues among students. Policy makers should redesign curriculum to include financial literacy courses especially for non-business students. Finally, financial seminars and talks should be focused on teaching relevant financial concepts and the youth should be educated and encouraged to utilize digital or technological platforms to enable them gain more knowledge in finance.
dc.identifier.citationSarpong-Danquah, B., Gyimah, P., Poku, K., & Osei-Poku, B. (2018). Financial literacy assessment on tertiary students in Sub-Saharan Africa: A Ghanaian perspective. International Journal of Accounting and Financial Reporting, 8(2), 76-91.
dc.identifier.issn2162-3082
dc.identifier.urihttps://ir.aamusted.edu.gh/handle/123456789/986
dc.language.isoen
dc.titleFinancial Literacy Assessment on Tertiary Students in Sub-Saharan Africa: A Ghanaian Perspective
dc.typeArticle
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