Working Ghanaians show signs of financial recovery, but long‑term vulnerability persists - Old Mutual Financial Wellness Monitor
Old Mutual Financial Wellness Monitor (OMFWM) reveals that working Ghanaians are emerging from a period of deep financial strain with increasing optimism, improved financial discipline, and reduced stress levels, supported by a stabilising macroeconomic environment. The research cautions that long‑term financial vulnerability remains widespread, driven by short-term savings behaviour, low retirement preparedness, and limited access to professional financial advice. The survey focuses on urban and peri‑urban working Ghanaians aged 20 to 59 earning GH¢1,200 or more.
Confidence in Ghana's economy has more than doubled, rising from 22percent to 48percent, with 7 in 10 working Ghanaians believing the economy will improve over the next year. Financial stress levels have halved, dropping from 60percent to 30percent, the lowest level recorded in 3 years of tracking. More than a third (37percent) of respondent's report earning more than they did a year ago, but 39percent fear losing their income, and nearly half would run out of money within 3 months if that income stopped. Roy Punungwe, CEO of Old Mutual Group Ghana, said, "After several years of sustained financial pressure, working Ghanaians are finally beginning to experience some much-needed financial breathing room. In a more stable macro-economic environment, people are becoming more intentional - managing debt prudently, exercising greater control over spending, and actively rebuilding their savings."
Expense control has become a major priority in 2025, second only to income security. Savings behaviour is strengthening, with 24percent of household income allocated to savings, and 80percent of respondents reporting having a savings goal. Despite 92percent acknowledging the importance of retirement savings, retirement ranks only seventh among savings priorities, with just 1 in 3 actively saving
Quick Summary
Working Ghanaians are showing increased optimism and improved financial discipline, according to the Old Mutual Financial Wellness Monitor. However, long-term financial vulnerability persists-driven by specific savings behaviors.
Summary - read the full story for complete context.

Image: Joy Business
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from Joy Business
Related Stories
More from Business & Economy

Yaa Naa applauds Stanbic Bank for contributions to the development of Dagbon
Stanbic Bank supports Dagbon's redevelopment - but what does this mean for the local community?
10h ago•2 min read

GSA shuts down 5A Homes for allegedly producing substandard mattresses
The GSA is on the hunt for manufacturers who aren't up to code - but what did they uncover at 5A Homes?
22h ago•3 min read

Dubai Chamber leads 19-Company Trade Mission to Ghana as non-oil trade hits AED39.6bn
Dubai Chamber courts Ghana - but what's the end game for non-oil trade and regional influence?
1d ago•3 min read

Mining sector delivers over GH₵2bn in royalties for quarter one 2026 - MIIF
Ghana's mineral royalty receipts see a major boost - but a key sector faces a projected shortfall. What's going on?
1d ago•4 min read





