Abstract:
ABSTRACT
Prime objective of the investigation intended to evaluate the rate of Financial
Literacy of Teachers in Upper Denkyira West District. Quantitative technique
was used for data collection and it was found out the skills acquired through
education by teachers on financial literacy in the district on individual finance
is very low. Also, the teachers with more years in their respective fields of
study tend to be prudent in managing finances as compared to instructors who
have taught for a short while and have little experience. The quantitative
technique also revealed that most of the Teachers are much aware when it
comes to difficulty of going for money and keeping money for tomorrow as
majority of instructors depend on mortgages and bank fees to meet their
narrow financial needs. The investigation uncovered that, greater size of the
instructors in the Neighbourhood are deemed immature and hence are not
subject to things that actually happened and does not show any significant
attention to matters of one's own money.
Therefore, this paper recommends workshops are organized on financial
literacy to guarantee judicious and effective money control procedures for
instructors within the district. Also, young teachers with great potentials are
educated on the essential monetary needs and the most ideal habits throughout
the duration of their education.
