Financial Literacy and Financial Inclusion for Small-Scale Enterprises in Sunyani Municipality in the Brong -Ahafo Region of Ghana (Published)
This study sought to examine the relationship between financial literacy and financial inclusion among owners/managers of SSEs in the Sunyani Municipality. Primarily, the research examined the financial literacy level, the extent of financial inclusion, and the relationship between financial literacy and financial inclusion for SSEs in Sunyani Municipality, which was necessary for their business. The study’s objective employed primary data and used a mixed method approach as well as a descriptive design survey design to randomly sample 230 owners/managers from five categories of SSEs in the Sunyani Municipality. The findings revealed that managers with high financial literacy were more likely to have sound judgment about financial issues, make the right decision among financial alternatives, and have sound personal finance practices. In addition, it was found that the extent of financial inclusion depended mainly on SSEs’ knowledge levels of financial products/services. The positive outcomes of being financially literate and financially inclusive were driven by behaviour such as planning expenditures and building up a financial safety net. Since financial literacy is necessary for business financial inclusiveness, it was recommended to SSEs strive for financial knowledge to enable them to make good financial decisions and aid their financial inclusiveness. Again, any policy that aims at the growth and development of SSEs with adequate training and education to help increase their financial status which will affect their financial inclusion.
Citation: Ameyaw M. (2022) Financial Literacy and Financial Inclusion for Small-Scale Enterprises in Sunyani Municipality in the Brong -Ahafo Region of Ghana, International Journal of Business and Management Review, Vol.10, No. 8, pp.61-74
Keywords: : Human Capital, Financial Inclusion, Financial literacy, Ghana, small scale enterprises
Human Capital Effectiveness in Creating Diversification for Economic Development in Nigeria (Published)
This paper examines the relationship between human capital effectiveness in creating diversification for economic development in Nigeria. To enhance economic development in Nigeria adequate time and resources must be commission into developing human capital. That is providing education and training, infrastructural facilities and friendly working environment that will enable these human element to strive in different dimensions in the economy. This paper further explains that, by so doing, the knowledge, skills and competences acquired by the human element remains an assets to creating enormous ideas that will help in diversifying the economy of Nigeria from oil to non-oil sectors for future economic growth.
Keywords: : Human Capital, Diversification, Economic Development