The Bank of Mozambique recently released the results of the National Survey on Financial Literacy, revealing a worrying scenario in Niassa province, which has a low level of financial literacy, with a score of 9.4. The survey looked at various elements related to knowledge about finance and the financial sector throughout the country.
According to the report made available by the Bank of Mozambique, the provinces of Nampula and Inhambane also do not show good percentages in terms of knowledge about finance, with results that reflect a worrying lack of understanding about key financial issues.
On the other hand, some provinces stood out positively in the financial literacy study. Zambézia leads the way with a score of 11.1, followed by Maputo City with 10.9 and Maputo Province with 10.7. These regions demonstrate a higher level of knowledge in terms of financial literacy, suggesting a more solid understanding of basic financial principles and how the sector works.
The study on financial literacy gains significant relevance in Mozambique, as it provides accurate information on the stage and degree of perception of the population in relation to financial issues. Understanding these issues is fundamental to the country’s economic development and financial stability.
The Bank of Mozambique highlights the importance of educational programs and initiatives to promote financial literacy, especially in the regions with the lowest scores. Financial awareness and education are crucial tools to empower citizens to make informed decisions, efficiently manage their resources and contribute to Mozambique’s sustainable economic growth.
