A new report has revealed that nearly 30 percent of working Ghanaians are increasingly relying on gambling and betting as a coping mechanism to meet daily expenses and settle debts, despite signs of gradual improvement in income levels.

The findings, contained in the latest Old Mutual Financial Wellness Monitor, highlight a mixed economic reality in which rising earnings coexist with persistent financial vulnerability among workers.

According to the report, while 37 percent of respondents say they are earning more than they did a year ago, up significantly from 22 percent in 2023—many households continue to face economic strain.

It further notes that 39 percent of Ghanaians remain worried about losing their income, while more than half (53 percent) say they would run out of money within three months if they lost their jobs or primary income sources.

The study suggests that although macroeconomic conditions and consumer confidence appear to be improving, many households still lack the financial buffers needed to withstand sudden income shocks.

In response to this uncertainty, an increasing number of Ghanaians are diversifying their income sources through side jobs and freelance work.

The report indicates that 27 percent of working Ghanaians are now “poly-jobbers”, individuals earning additional income beyond their primary employment—up from 21 percent in 2024.

Young people are driving much of this trend, with 32 percent of Ghanaians aged 20 to 29 reporting multiple income streams, largely due to limited job opportunities and rising living costs.