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Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/8534

Title: Assessing the effect of financial literacy on saving behaviour: A Case Study of Small Scale Miners in Manso Atwere in Amansie West District.
Authors: AMPONSAH, BARBARA
Issue Date: 8-Apr-2016
Abstract: The main objective of the study is to assess the effect of financial literacy on saving behaviour in Manso Atwere in Amansie West. Descriptive and explanatory research designs are used with survey employed to collect information from small scale miners by asking questions to describe the sample. A sample size of 155 is drawn from the population by the used of quota and purposive non-probability sampling method with data from primary source. The quantitative data is analyzed through descriptive statistics and qualitative with content analysis. Statistical Packages for Social Science (SPSS version 21) and multiple regression analysis are employed with ANOVA to establish the significance level of the regression model using f statistic value of p less than 5%. Significance value of 5% is also used to interpret the t statistics. The ages of the respondents fall between 18 and 50, with majority of the respondents been married with children. Financial literacy is found to have an effect on individual saving behaviour. The findings show high level of financial illiteracy among the respondents. This could be due to their educational level with majority of them having elementary/basic school education up to SHS. The common place of saving among them is their various homes due to savings challenges faced. The researcher recommends that government should include financial literacy in the educational curriculum of the basic or elementary schools and higher learning institutions. The financial institutions especially the banks to organize financial literacy programmes to create awareness. They should also provide many saving outlets and their financial products should be tailored to individual needs.
Description: A thesis submitted to the Department of Accounting and Finance, KNUST School of Business, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfillment of the requirement for the degree of Master of Business Administration, 2015
URI: http://hdl.handle.net/123456789/8534
Appears in Collections:College of Arts and Social Sciences

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