Financial literacy, investment and personal financial management nexus: a case study of private sector employees in ga east municipal assembly

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The major goal of the study was to better understand how investment decision influence workers' individual financial literacy and their personal financial management. To accomplish the goals outlined in the study, the researcher employed a quantitative technique using a descriptive and explanatory research design. The participants in the study were workers at SMEs in the Greater Accra Region. To gather primary data, the researcher employed a convenience sample strategy. The information was gathered from 400 employees of SMEs in the Greater Accra Region using a well-structured questionnaire. Descriptive statistics and a normality test were performed on the data. The researcher utilised SmartPLS 4 and SPSS version 26 to analyse the data. The study's conclusions showed that investment decisions and personal financial management are significantly and positively impacted by financial literacy. The findings also demonstrated that investment decision significantly affect personal financial management. Additionally, it was shown that investment decision mediates the link between financial literacy and personal financial management. The results imply that people's financial management may be improved by increasing their understanding of financial literacy and investing decision. The study recommended that financial literacy training programmes and their providers give thorough knowledge on borrowing and investments.
A thesis submitted to the Department of Human Resource and Organizational Development, School of Business, College of Humanities and Social Sciences, KNUST in partial fulfilment of the requirements for the degree of master of science in accounting and finance