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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8611

Title: ASSESSING THE LEVEL OF FINANCIAL LITERACY AMONG TEACHERS A CASE STUDY OF SEKYERE EAST DISTRICT OF ASHANTI REGION OF GHANA
Authors: OWUSU, ERIC NKRUMAH
Keywords: Financial literacy
Teachers
Investment
Insurance
Savings
Borrowing
Issue Date: 8-Apr-2016
Abstract: The purpose of this research is to assess the level of financial literacy among teachers with a focus on teachers in the Sekyere East District. The main objective of the study is to assess the financial literacy among teachers. The specific objectives of the study are to examine teachers understanding of and knowledge in money management, savings and borrowing, investment, insurance and retirement planning, to examine whether some group of teachers are relatively more knowledgeable than others in financial issues and to examine how teachers‟ knowledge influences their opinions and decisions on personal issues in finance. This study adopts explanatory and descriptive research approaches. The study is carried out in the Sekyere East District. The target population for this study is 1486 teachers. A sample of 150 teachers is selected using stratified and convenience sampling. Using questionnaire as the research instrument, a survey which includes 42 items that measure constructs such as background information, general knowledge in finance, knowledge in savings and borrowing, personal financial management practices and financial management challenges. Quantitative data is collected using a questionnaire that consisted of both open ended and close-ended questions. The relationship between financial literacy and demographic characteristics of the teachers is examined by employing analysis of variance and logistic regression analyses. The findings on the overall financial literacy show that, generally teachers in the District have inadequate or low financial literacy level with an overall mean correct percentage score of 53.68. This will therefore limit their ability to make informed financial decisions.
Description: A Thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology in partial fulfilment of the requirements for the degree of Master of Business Administration (Finance Option)
URI: http://hdl.handle.net/123456789/8611
Appears in Collections:College of Arts and Social Sciences

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