Financial markets are not for the ignorant – Prof. Bokpin calls for minimum financial literacy

“The traditional Western idea of the financial market is not for ignorant people, so there’s a saying in finance that every financial market participant ought to meet some minimum financial literacy standard.

He argues that people should meet a minimum knowledge standard before participating in financial markets.” According to him, Ghana’s current approach is too reactive, with institutions often responding only after problems emerge instead of preparing people before they enter the financial system.