Over 80% of Ghanaian Adults Have Bank Accounts, Yet Just 22% Are Financially Healthy, Says Minister

The Deputy Finance Minister, Thomas Nyarko Ampem, has revealed that although more than 80 per cent of Ghanaian adults have access to bank accounts and mobile money wallets, only 22 per cent are considered financially healthy.

According to a report shared by GHOne TV on Sunday, November 8, 2026, the Deputy Finance Minister made the revelation while highlighting the state of financial inclusion and the financial well-being of Ghanaians.

His statement has drawn attention to an important issue concerning the country’s financial sector. While access to banking services and mobile money platforms continues to improve, the figures suggest that many Ghanaians are still struggling to achieve financial stability.

Having a bank account or a mobile money wallet does not necessarily mean that an individual is financially healthy. Financial health goes beyond the ability to save, receive or transfer money. It also involves managing income effectively, meeting daily expenses, handling unexpected financial emergencies and preparing for future needs.

For many people in Ghana, having access to financial services has made transactions easier. Mobile money, in particular, has become an important part of everyday financial activities, allowing individuals to send and receive money without necessarily visiting a bank.

However, the revelation that only 22 per cent of adults are financially healthy raises questions about how people manage the money they earn and the challenges affecting their financial well-being.

Several factors can influence an individual’s financial health, including low income, unemployment, rising living costs, debt obligations and limited savings. Even people who use banking services regularly may find it difficult to save enough money or prepare for unexpected expenses.

The figures also highlight the need for stronger financial education to help individuals make informed decisions about spending, saving, borrowing and investing.

Financial inclusion should not only focus on getting more people to open bank accounts or register for mobile money services. It should also ensure that individuals can use these services to improve their financial circumstances.

The Deputy Finance Minister’s revelation is therefore an important reminder that access to financial services and financial stability are two different things.

As discussions about Ghana’s financial sector continue, many will be interested in the measures the government and relevant institutions will introduce to improve the financial well-being of ordinary citizens.

Ultimately, the challenge is not simply getting more Ghanaians to use financial services but helping them achieve a level of financial security that allows them to meet their needs and plan confidently for the future.

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