Abstract:
The study investigated the level of financial literacy and financial behaviour of
College of Education students in the Central Region of Ghana. The objectives that
supported this study were to assess the financial literacy level of College of
Education Students in relation to sex and level of study. The study also examined
the relationship between financial literacy and financial behaviour of College of
Education Students in the Central Region of Ghana. The study employed
descriptive statistics, cross tabulation, chi-square and linear regression in
analysing the objectives of the study. The study used questionnaire in the survey
and selected actual sample of 450 from a population of 2,395 (Krejcie & Morgan,
1970). The key findings obtained from the study were that there is no significant
difference between sex and level of study in relation to financial literacy. The
study also found a positive relationship between savings and borrowing and
financial behaviour of College of Education students. However, the relationship
between insurance and financial behaviour was found to be negative. The study
recommends that Colleges of Education in the Central Region of Ghana should
specifically design programs on finance to enhance the financial literacy of
students.