Over 80% Of Ghanaian Adults Have Bank Accounts But Only 22% Are Financially Healthy – Thomas Nyarko

According to a report by GHOne TV on November 8, 2026, 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 financially healthy.

The revelation highlights the difference between having access to financial services and achieving financial stability. It suggests that despite the increasing availability of banking and mobile money services, many Ghanaians continue to face difficulties managing their finances and meeting their financial obligations.

The figures also raise concerns about the country’s financial inclusion progress. Banking services and mobile money platforms have become increasingly important in everyday transactions, allowing individuals to save, transfer and receive money conveniently.

However, the low financial health rate indicates that access alone may not be enough to improve people’s financial circumstances. Issues surrounding savings, income management, debt repayment and the ability to handle unexpected expenses remain important aspects of financial well-being.

Financial health goes beyond owning a bank account or using mobile money. It involves having the financial capacity to meet daily needs, prepare for emergencies, manage debts responsibly and make plans for the future.

The disclosure by Thomas Nyarko Ampem has therefore brought attention to the need for improved financial education and responsible money management among Ghanaians. It also highlights the importance of ensuring that the expansion of financial services leads to tangible improvements in people’s living conditions and long-term financial security.

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