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Working Ghanaians show signs of financial recovery, but long‑term vulnerability persists – Old Mutual Financial Wellness Monitor
May 18, 2026
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Working Ghanaians show signs of financial recovery, but long‑term vulnerability persists – Old Mutual Financial Wellness Monitor

Money
Policy
Opportunity
Growth

Key Points

  • Working Ghanaians are experiencing increased optimism, improved financial discipline, and reduced stress due to a stabilising macroeconomic environment.
  • Economic confidence has more than doubled (22% to 48%), with nearly 80% expecting personal financial improvement and stress levels halved.
  • Despite income growth (37% report earning more), financial vulnerability remains high, with 39% fearing income loss and many engaging in 'poly-jobbing'.
  • Savings behavior is strengthening, with 24% of income saved, but remains largely short-term and informal (e.g., mobile money, Susu), with low retirement preparedness.
  • A significant gap exists between intent and action for long-term financial planning, driven by limited access to professional advice and declining confidence in investment decisions.

Why This Matters

This research is crucial for Ghana as it highlights the fragile nature of household financial resilience despite broader economic recovery, indicating that many households remain vulnerable to shocks. The prevalence of short-term savings and low retirement preparedness poses long-term risks for social welfare and economic stability. It underscores the urgent need for enhanced financial literacy, increased engagement with formal financial solutions, and building trust in the financial system to foster sustainable financial wellness across the population.

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