An Assessment of Financial Literacy in the Informal Sector of Ghana: A Case Study of Market Women in the Kasoa Market
| dc.contributor.author | Birikorang Richard | |
| dc.date.accessioned | 2024-06-04T09:34:39Z | |
| dc.date.available | 2024-06-04T09:34:39Z | |
| dc.date.issued | 2021 | |
| dc.description | A Thesis submitted to the Department of Accounting and Finance, College of Humanities and Social Sciences, in partial fulfilment of the requirements for the degree of msc. Accounting and finance | |
| dc.description.abstract | This study examined the financial literacy in the informal sector of Ghana focusing on Market Women in the Kasoa Market. Particularly, the study examined the knowledge of the market women on financial matters, the extent of application of financial literacy, and the factors that influence the level of financial literacy of the market women. The study used the survey design of research on a population of market women in the Kasoa Market. The simple random sampling was used to obtain a sample of 96 respondents. Primary data were obtained using the research questionnaire. The obtained data were analysed statistically using the mean and standard deviation, together with the relative importance index with the aid of Excel Software. The study found that the market women are knowledgeable on insurance issues but possessed low knowledge on investment, savings and other key areas of financial issues. The study further indicates that the market women significantly apply their knowledge on financial matters on financial records keeping and budgeting related issue more than investment and insurance issues. It is also found that the key factors that influence the market women level of financial literacy are their experience and exposure to financial matters, level of education, and the financial knowledge of family members. In the light of the findings of the study, the study concludes that indeed, knowledge on financial matters among the market women is low in spite the substantial support which adequate knowledge on financial matters can lend to improving their trading activities, personal welfare, and the overall economy. The study further concludes that strategies are adopted by relevant stakeholders to help the market women obtain reasonable level of financial knowledge in all aspects so as to improve their trading activities which would translate into contributing to the general economy. | |
| dc.identifier.uri | https://ir.knust.edu.gh/handle/123456789/15758 | |
| dc.language.iso | en | |
| dc.publisher | knust | |
| dc.title | An Assessment of Financial Literacy in the Informal Sector of Ghana: A Case Study of Market Women in the Kasoa Market | |
| dc.type | Thesis |