Financial Literacy · SHS1 Social Studies

Lesson notes

Learning Objectives

Indicator: 1.6.4.LI.3 - Examine ways of ensuring sustainable use of public finances

By the end of the lesson, learners can:

Define public finances and identify at least three sources of public funds in Ghana (e.g., taxes, royalties, grants).
Explain what constitutes sustainable use of public finances, giving two examples of sustainable practices and two examples of unsustainable practices.
Analyse a given case study of public financial mismanagement and propose at least two practical measures to prevent such occurrences.
Evaluate the consequences of poor management of public finances on the ordinary Ghanaian citizen and the nation as a whole.
Recommend at least three accountability mechanisms citizens can use to ensure public funds are used sustainably.

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Curriculum details

Strand: Production, Exchange and Creativity (Strand 6)
Sub-strand: Financial Literacy (6.4)
Content standard: 1.6.4.CS.1 - Demonstrate understanding of the need to be financially literate and apply it in establishing a secure personal and public financial security 1.6.4.LO.1 Examine the concept of financial literacy and efficient ways of using individual and public finances and managing individual finances in ways that can ensure financial security
Indicator: 1.6.4.LI.3 - Examine ways of ensuring sustainable use of public finances
Suggested placement: Semester 2, Week 17 (Week 37 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. 48

Exemplars (from the NaCCA curriculum)

Collaborative Learning: In pairs, learners discuss how lack of financial planning affects public financial security
Talk for learning: Invite a resource person to give a talk on avenues for financial security
Case Study: Learners research on cases of financial risks and present findings
Experiential learning: Learners role-play/ dramatize scenarios on the implications of bad and prudent financial decisions
Teaching and Learning Resources:
- Stationery
- Smartphone/Tablets
- YEAR TWO
- Computers/ laptops
- Internet access
- Standard textbooks
- Resource person
Assessment (1.6.4.AS.3). The document marks these depth-of-knowledge levels for this indicator: Level 3 Strategic reasoning; Level 4 Extended critical thinking and reasoning.