European Journal of Business and Innovation Research Vol.4, No.1, pp.25-35, February 2016 ___Published by European Centre for Research Training and Development UK (www.eajournals.org) 25 ISSN 2053-4019(Print), ISSN 2053-4027(Online) ASSESSING FINANCIAL MOTIVATION AND ITS INFLUENCE ON PERFORMANCE OF TEACHERS IN GOVERNMENT SENIOR HIGH SCHOOLS IN GHANA Gabriel Dwomoh 1 , Kofi Agyenim-Boateng 2 , Musa Ahmed 3 , Williams Kwasi Boachie 4 1 Institute of Entrepreneurship and Enterprise Development, Kumasi Polytechnic, Kumasi, Ghana 2 Prempeh College, Kumasi, Ghana 3 University of Education, Department of Management Education, Kumasi 4 University of Education, Department of Accounting Education, Kumasi ABSTRACT: The study looked at financial motivation and its influence on performance of teachers in Government Senior High Schools in Ghana. The sample of the study consisted of 207 public senior high schools drawn from a population of 535. A total of 621 questionnaires were distributed to teachers working in various public senior high schools out of which 520 representing 83.74% were retrieved. The respondents that constituted the sample were drawn using convenience sampling. The researchers used Chi Square to assess the independence between financial motivation and performance of teachers which was measured using the pass rate of students at the West Africa Examination Council. From the Chi Square test statistic and analyzes of questionnaires retrieved from respondents, it was realized that there is association between financial motivation (Single Spine) and performance of teachers at public senior high schools. The study concluded by advising that for financial motivation to continue to serve as motivators in the long run, it is crucial to manage other variables that are associated with it. KEYWORDS: Financial Motivation, Teachers, Performance, Senior High Schools, Ghana INTRODUCTION All over the world, compensation in the form of wages or any other form of incentive influences job performance and has effects on organization’s success (Adeogun, 2008). According to Wayne (1992), compensation includes direct cash payments and indirect payments in the form of employee benefits and incentives to motivate employees to strive for higher levels of productivity and is usually the single most important employment reward that has a significant effect on individual attitudes and job performance. Motivation guides peoples’ actions and behaviours toward achievement of some goals (Alam and Farid, 2011). Teacher motivation has become an important issue given their responsibility to impact knowledge and skills to learners. It is argued that satisfied teachers are generally more productive and can influence students’ achievement (McCollum, 2001). Some educationists and politicians have also shown concerns about this issue of financial motivation for teachers. For example, during the 15 th National Best Teacher Award ceremony (6 th June, 2009) the former and late President of Ghana, Professor John Evans Atta Mills, delivering his message through the then Vice President, John Mahama, directed that “the Ministry of Education and the Ghana Education