Savings and investment behaviour of healthcare workers: evidence from tamale teaching hospital

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The primary objective of this study is to investigate the savings and investment behavior of healthcare workers at Tamale Teaching Hospital, using a quantitative approach with a survey strategy. Data was collected using a structured research questionnaire as the primary instrument and the targeted respondents were healthcare workers at the Tamale Teaching Hospital. The data was analyzed through descriptive and inferential analysis, including binary logistic regression. The findings of the study reveal that healthcare workers at Tamale Teaching Hospital possess a moderate level of knowledge in savings, but a low level of knowledge in investment. Secured deposits and treasury bills were identified as the preferred financial investment assets among the healthcare workers at the hospital. Furthermore, the study established that age, marital status, and income level significantly influence investment behavior, while gender does not. Based on these outcomes, the conclusion drawn is that there is a significantly low level of knowledge in investment matters among healthcare workers at Tamale Teaching Hospital.”
A thesis submitted to the Department of Accounting and Finance, Kwame Nkrumah University of Science and Technology, Kumasi in partial fulfillment of the requirements for the award degree of master of science accounting and finance.