A report online has indicated that a significant portion of the working Ghanaian population – 64 percent – are financially stressed, says a study dubbed Old Mutual Financial Services Monitor (OMFSM).
According to the study, which was carried out in four African countries – South African, Namibia, Kenya and Ghana, 72 percent of lower income earners in the country are stressed; with those in the informal sector worst-affected at 68 percent. This makes Ghanaian consumers the most financially stressed among the four countries.
The report which was published by The Bftonline reads, “We found that Ghanaian consumers are incredibly stressed among the four countries where we did the survey, which are South African, Namibia, Kenya and Ghana.
Ghana comes highest in terms of financial stress and people are extremely worried about income security. Their number-one priority is ensuring that they earn income, whether through business or their jobs. Their second priority is ensuring that their savings are insured and their investment is secured,” said head of knowledge and insights at Old Mutual, Vuyokazi Mabude.