Old Mutual Ghana has said retirement people must be educated on investment for their future to reduce poverty in the country.
A significant portion of the working Ghanaian population – 64 percent – are financially stressed, says a study dubbed Old Mutual Financial Services Monitor (OMFSM).
The study, which was carried out in four African countries – South African, Namibia, Kenya and Ghana, revealed that 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 also highlighted that income security is the top priority for Ghanaian consumers, followed by managing their expenses downward – such as putting major expenditure plans on hold, switching to more affordable retail brands and repairing and maintaining existing assets, and ensuring that their investments are secured.
Speaking to Ahotor 92.3 Fm‘s Emmanuel Romeo Tetteh on the sidelines of the workshop, the Manager for Marketing and Customer Service Rita Boateng called for education for retirement people on investment for the future.
Listen to Rita Boateng in the audio below:
Story by: Emmanuel Romeo Tetteh (#RomeoWrites) / Ahotoronline.com
