Financial Literacy among SHS Teachers in the Tamale Metropolis

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Literature on financial literacy has been explored extensively, however there still exist a gap in financial literacy among teachers in second cycle schools in Ghana. The financial literacy of Tamale's SHS teachers is examined in this study. The OLS regression estimation method was used in the study to estimate the influences of age, gender, and socio-economic status on financial literacy among 359 teachers from a variety of subject areas. Findings from the study show that men have more financial knowledge the women. It also shows that men and highincome earners have better financial behavior and financial attitude. We further find that younger people, high income earners and men have high financial literacy. We conclude that overall financial literacy among teachers is very low. The study recommends that government and other stakeholders must put in measures to train teachers in finance and finance related matters so they can better manage their financial lives. Financially literate teachers are better placed to guide their student in their formative years of studies.
A Thesis submitted to the Institute of Distance Learning, Kwame Nkrumah University of Science and Technology, Kumasi in partial fulfilment for the degree of master of science in accounting and finance