Determinants of University Working-Students’ Financial Literacy at the University of Cape Coast, Ghana

By Abraham Ansong, Michael Asiedu Gyensare. 2012

152 citations recorded by the source corpus.

This paper explores the determinants of university working-students’ financial literacy. It further seeks to establish the relationship between financial literacy and certain demographic characteristics. This study adopted a correlational research design as the framework to examine the relationship between variables without determining cause and effect. Data were randomly collected from 250 undergraduate and postgraduate students of a public university in Ghana. The paper found that age and work experience were positively related to financial literacy. Also, mother’s education was positively correlated with respondents’ financial literacy. However, level of study, work location, father’s education, access to media and the source of education on money were all not significantly correlated with financial literacy. A key recommendation is that given the positive correlation between mother’s education and financial literacy, parents should be actively involved in designing educational programs on financial issues at the basic and high school levels for their kids. It is believed that such a step forward will help parents to guard and guide their children’s financial behaviours.

Subfields: Accounting, Demography

View Paper: https://www.semanticscholar.org/paper/cf2824d380f070023885c75545cd4602e1eefa0b

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Farah Margaretha
2. Samuel Kwaku Agyei
3. Reza Arief Pambudhi
4. Nujmatul Laily
5. M. Ameliawati
6. R. Setiyani

In Demography

1. Farah Margaretha
2. Samuel Kwaku Agyei
3. Reza Arief Pambudhi
4. Nujmatul Laily

Citations in the corpus

• PENGARUH LITERASI KEUANGAN TERHADAP PERILAKU MAHASISWA DALAM MENGELOLA KEUANGAN (2016, background): “Beberapa studi mengungkapkan bahwa laki-laki lebih pandai dalam mengelola keuangan dibandingkan dengan perempuan (Ansong dan Gyensare, 2012, Taylor dan Wegland, 2009).”
• TINGKAT LITERASI KEUANGAN PADA MAHASISWA S-1 FAKULTAS EKONOMI (2015, background): “Ansong and Gyensare (2012) menemukan bahwa terdapat hubungan positif antara pendidikan ibu dari responden dengan tingkat literasi keuangan responden.”
• Culture, financial literacy, and SME performance in Ghana (2018, background): “Attention has either been concentrated on either explaining financial literacy levels (Anokye, 2017; Ansong & Gyensare, 2012; Nunoo & Andoh, 2012) or linking financial literacy to firm financial performance (Adomako & Danso, 2014).”