The 2023 Old Mutual Financial Services Monitor has revealed that 43% of Ghanaians exhibit low-risk inclination, preferring not to take any financial risks at all, likely influenced by the impact of the Domestic Debt Exchange Programme on the financial sector. Conversely, 24% are willing to take substantial financial risks in anticipation of significant returns.
Approximately 19% opt for above-average financial risks in pursuit of above-average returns.
The report further highlights that seven out of 10 working Ghanaians do not seek the assistance of a financial adviser, with 46% expressing uncertainty about where to seek financial guidance.
Additionally, it indicates that over half of working Ghanaians are involved in business ownership, primarily operating small or micro-sized businesses.
Business owners tend to rely on self-funding methods such as profits or personal savings and investments, potentially due to limited access to credit
Source: blaqpenbusiness.com
