Financial Inclusion and Health Well-Being of Older Adults Visiting the University of Cape Coast Hospital

Abstract

The research studied on the effect of financial inclusion on health of older adults visiting the University of Cape Coast Hospital. Three objectives were established in order to achieve the purpose of the study. Objective one was to examine the impact of financial inclusion on the physical health of older adults visiting the University of Cape Coast hospital. The objective two was to determine the impact of financial inclusion on the psychological health of older adults visiting the University of Cape Coast hospital. The third and final objective was to analyze the relationship between financial inclusion and the health-well-being of older adults who visit the University of Cape Coast hospital. The ―study employed the explanatory research design since the study tested the relationship between the various variables. The data collection instruments were questionnaire. The study employed the quantitative research approach. The simple random sampling technique was used in selecting a respondent of 154. Descriptive and Structural Equation were also used to analyse the objectives of the study. With respect to the first objective of the study, the study found that there was a positive and significant relationship between financial inclusion and physical health of older adults visiting the University of Cape Coast Hospital. Also, there was a positive and significant relationship between financial inclusion and psychological health of older adults visiting the University of Cape Coast Hospital. Also, it was found that there was a positive and significant relationship between financial inclusion and social well-being of older adults who visits the University of Cape Coast Hospital. The study recommended that management must develop and implement programs to enhance the financial literacy of older adults.