Impact of Financial Literacy Program on Financial Behaviour A Case Study of Selected Nurses from Public Hospitals in Ghana

Financial literacy education is an essential requirement for all individuals and especially for professionals like the nurses in order to prevent unruly financial behaviour which results in financial difficulties. However, these difficulties are not solely caused by low income but lack of financial literacy education which negatively influence financial behaviour. They can also result from poor financial management, such as a lack of financial planning or the improper use of credit which results from inadequate financial literacy education. Given the increasing interest in financial literacy education in many developed nations for their profession, it is logical that the significance level of financial literacy education should increase in developing countries. Even in certain nations, financial literacy has been designated as a national programme. Due to the fact that financial literacy has a positive influence on inclusion and financial behaviour, knowledge in financial literacy education becomes a serious issue. In Ghana, many professionals do not give attention to financial literacy education and this affects their finances leading to debt, liabilities and untold financial hardships. This makes financial literacy education a vital imperative. Hence, this paper establishes that financial constrains does not only result from inadequate income, but also owing to lack of financial literacy education leading to improper financial behaviour in financial management, such as insufficient financial planning or improper utilisation of finances. It was concluded that possessing knowledge in financial literacy education is associated with the adoption of effective financial behaviour in financial management practices. Hence, the study examines the impact of financial literacy education program on the financial behaviour of some selected nurses in the Ashanti region. Daniels Owusu | Bernard Owusu "Impact of Financial Literacy Program on Financial Behaviour: A Case Study of Selected Nurses from Public Hospitals in Ghana" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-1 , February 2024, URL: https://www.ijtsrd.com/papers/ijtsrd62409.pdf Paper Url: https://www.ijtsrd.com/management/accounting-and-finance/62409/impact-of-financial-literacy-program-on-financial-behaviour-a-case-study-of-selected-nurses-from-public-hospitals-in-ghana/daniels-owusu