IDEAS home Printed from https://ideas.repec.org/a/bfy/ojtajf/v8y2023i1p21-30id1430.html
   My bibliography  Save this article

Tier Three Pension Scheme in Ghana: What is the Employees' Level of Understanding?

Author

Listed:
  • Belinda Darkwa-Gyekye
  • Richard Antwi
  • Emmanuel Boahene

Abstract

Purpose: The study examined the level of knowledge of Tier III pension scheme among public sector employees in the New Juaben Municipality. Methodology: The descriptive research design was employed. Data were collected, using self-administered questionnaire from 300 randomly selected employees. Data collected were analysed using means, standard deviations and Explanatory Factor Analysis. Findings: The results showed that eight dimensions account for about 78% of the variance in level of knowledge of Tier III pension scheme. Furthermore, generally, the level of knowledge of Tier III pension scheme among employees was low. It was concluded that employees were agitated because they had low level of knowledge of the Tier III pension scheme. Recommendations: It was recommended that the immediate superiors of employees should, from time to time, organise seminars to take employees through all that the employees need to know about the Tier III Pension Scheme.

Suggested Citation

  • Belinda Darkwa-Gyekye & Richard Antwi & Emmanuel Boahene, 2023. "Tier Three Pension Scheme in Ghana: What is the Employees' Level of Understanding?," American Journal of Finance, AJPO, vol. 8(1), pages 21-30.
    • Handle: RePEc:bfy:ojtajf:v:8:y:2023:i:1:p:21-30:id:1430
    as

    Download full text from publisher

    File URL: https://ajpojournals.org/journals/index.php/AJF/article/view/1430/1536
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bfy:ojtajf:v:8:y:2023:i:1:p:21-30:id:1430. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chief Editor (email available below). General contact details of provider: https://ajpojournals.org/journals/index.php/AJF/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.