Friday, October 6 | 3:00 pm – 3:50 pm | Providence 1
Although financial therapy and African psychology may seem unrelated at first glance, they share common elements, particularly in the context of cultural perspectives on mental health and well-being. It is the study of psychological processes, theories, and practices grounded in African cultures, traditions, and experiences. In the context of financial therapy, African psychology has broader applicability. African psychology, like financial therapy, applies a holistic approach and incorporates the concepts of identity and self-concept, empowerment and resilience, and other modalities in alleviating stress. This study identifies some therapeutic interventions in African psychology with applicability in Financial Therapy to promote financial well-being.
Dr Prince Sarpong is a Senior Lecturer at the School of Financial Planning Law, University of the Free State. Dr Sarpong holds a PhD and an MCom in Finance from the University of KwaZulu-Natal, a Postgraduate Diploma in Financial Planning from Nelson Mandela University, and a Bachelor of Education (Psychology) from the University of Cape Coast. He is the author of Portfolio Management for Financial Advisors, a book published in 2020. Dr Sarpong is a Certified Financial Planner professional, a member of the Financial Planning Institute of Southern Africa and a member of the Global Association of Applied Behavioural Scientists.