SHS2 Social Studies · Semester 2 Week 18: Financial Literacy

Lesson notes

Learning Objectives

Indicator: 2.6.4.LI.1 - Explain the importance of saving and its role in achieving financial goals

By the end of the lesson, learners can:

Define saving in their own words and distinguish it from spending and investing.
Explain at least three importance of saving in achieving financial goals.
Discuss the advantages and disadvantages of saving as a strategy for reaching financial goals.
Identify at least four different ways of saving and where savings can be kept in Ghana.
Explain how saving habits connect to financial goals, both short-term and long-term.

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Curriculum details

Strand: Production, Exchange and Creativity (Strand 6)
Sub-strand: Financial Literacy (6.4)
Content standard: 2.6.4.CS.1 - Demonstrate knowledge and understanding of effective saving habits to achieve financial goals 2.6.4.LO.1 Examine ways of developing responsible and effective saving habits to achieve financial goals
Indicator: 2.6.4.LI.1 - Explain the importance of saving and its role in achieving financial goals
Suggested placement: Semester 2, Week 18 (Week 38 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: NaCCA curriculum document, p. 85

Exemplars (from the NaCCA curriculum)

Talk for learning:
- Learners think-pair and share the meaning of saving
- Learners debate the advantages and the disadvantages of saving in achieving financial goals
- Learners discuss the importance of saving in achieving financial goals
- Learners identify the different ways of saving and where to save
Teaching and Learning Resources:
- Stationery
- Standard Textbooks
- YEAR THREE
- Internet access
- Computer
- 63
- Smartphones
- Projector
Assessment (2.6.4.AS.1). The document marks these depth-of-knowledge levels for this indicator: Level 1 Recall; Level 2 Skills of conceptual understanding.