SHS2 Economics · Semester 2 Week 10: Concept of Money, Financial Institutions and Public Finance

Lesson notes

Learning Objectives

Indicator: 2.4.2.LI.2 - Describe the role of financial institutions in an economy.

By the end of the lesson, learners can:

Define financial institutions and identify at least four types operating in Ghana (banks, insurance companies, microfinance institutions, and pension funds).
Explain the key roles of financial institutions, including mobilising savings, providing credit, facilitating payments, and managing risk.
Describe how financial institutions support businesses, individuals, and the government in the Ghanaian economy.
Analyse, using specific examples from Ghana, how the activities of financial institutions affect daily economic life and national development.
Demonstrate collaborative skills by working in mixed ability and gender groups to research and present the operations of a chosen financial institution.

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Curriculum details

Strand: Government Economic Policy and Trade (Strand 4)
Sub-strand: Concept of Money, Financial Institutions and Public Finance (4.2)
Content standard: 2.4.2.CS.1 - Demonstrate knowledge and understanding of the concept money and financial institutions in an economy. 2.4.2.LO.1 Employ relevant information in the environment to examine the reasons for holding money, role of financial institutions and taxation in an economy.
Indicator: 2.4.2.LI.2 - Describe the role of financial institutions in an economy.
Suggested placement: Semester 2, Week 10 (Week 30 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. 83

Exemplars (from the NaCCA curriculum)

Collaborative Learning: In a mixed ability and gender groups, discuss the roles of financial institution such as a bank, or insurance company, etc. or watch a video of a stock exchange market or a bank or insurance company to discuss the roles of financial institutions. Groups share their views with the class.
Assessment (2.4.2.AS.2). The document marks these depth-of-knowledge levels for this indicator: Level 4 Extended critical thinking and reasoning.
Teaching and Learning Resources:
- Marker
- White board
- Computers
- Internet
- Projectors
- CDs (recorded video)
- Pens
- Exercise books