92% know they must save for retirement, but only 33% are doing it - Old Mutual report
Old Mutual reported that working Ghanaians are showing signs of financial recovery, according to the latest Old Mutual Financial Wellness Monitor. The 2025 report found that confidence in the Ghanaian economy has surged from 22 per cent to 48 per cent. Financial stress has halved to a 3-year low of 30 per cent.
The report surveyed urban and peri-urban working Ghanaians aged 20 to 59 earning GH¢1,200 or more. 37 per cent of respondents report earning more than they did a year ago. More than one in four (27 per cent) are now "poly-jobbing". Expense control has become the second-highest financial priority for working Ghanaians in 2025. 24 per cent of household income is now allocated to savings.
92 per cent of working Ghanaians acknowledge the importance of saving for retirement, but just one in three respondents have actively started saving for retirement. Only 14 per cent of working Ghanaians feel very confident in their savings and investment decisions, down from 21 per cent in 2024. Roy Punungwe, CEO of Old Mutual Group Ghana, said, "The data shows that resilience is being built, but it is fragile."
Quick Summary
Old Mutual's Financial Wellness Monitor reveals working Ghanaians are experiencing financial recovery- but retirement savings and investment confidence are lagging. Though many acknowledge the importance of saving, a significant gap exists between intention and action- what could be the cause?
Summary - read the full story for complete context.

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