Two of Ghana’s top financial brains are calling for greater collaboration among key stakeholders to strengthen financial literacy across the country.
Speaking at the third National Financial Awareness and Financial Literacy Conference, Mr. John Awuah, Chief Executive Officer of the Ghana Association of Banks and Advisory Board Member of the Center for Financial Literacy Education (CFLE), stressed that improving financial knowledge must be a shared responsibility.
“There is so much more we can achieve through collective action,” Mr. Awuah stated, urging regulators, financial institutions, electronic money issuers, telecom companies and insurers to work together in promoting financial education at all levels of society.
The conference, organized by CFLE as part of the Financial Literacy Month celebration, seeks to equip Ghanaians, particularly students, with the knowledge and tools needed to make sound financial decisions in an increasingly complex economy.
Mr. Peter Asare Nyarko, Executive Director of CFLE Africa, echoed Mr. Awuah’s remarks, emphasizing that financial literacy extends far beyond budgeting and saving. He described it as a powerful tool for national development.
He further explained that financial ignorance often leads to social challenges and economic vulnerability. “It is not just about how much money you have. It is about how well you manage it,” he said.
The one-day event brought together students, financial professionals, civil society organizations and academics for a series of workshops and panel discussions. Participants examined how financial education can promote personal development, strengthen communities and support economic growth.
Organizers of the workshops reaffirmed their commitment to making financial literacy initiatives more accessible to all groups in society, described financial education as essential for building a more financially inclusive and resilient Ghana.
