Chartered Institute of Bankers, Ghana (CIB) has marked the 2023 Financial Literacy with some selected senior high schools in Ashanti Region as part of its 60th Anniversary Celebration.
The theme for the event was Redefining Professionalism in Banking through Ethics, make a presentation to the beneficiary schools on the topics which includes, The Importance of Financial Literacy, Savings and Investment Skills, The Essence of Personal Budgeting, amongst others.
Mr Benjamin Amenumey, the President of CIB Ghana, of the institute emphasised the importance of Financial Literacy for young people, adding that, Financial literacy is essential for young people to make sound financial decisions to achieve their financial goals, that could help them avoid debt traps and build a secure financial future.
Mr. Robert Dzato, the Chief Executive Officer (CEO) of the institute, commended chartered bankers and financial institutions that volunteered their time and knowledge to teach the younger generation.
He noted that, Financial Literacy Skills is a sustainable development issue, and for that matter, the Institute will work with partners and the Ministry of Education to embed financial literacy skills in curriculum.
According to him, the lesson from the recent Domestic Debt Exchange Programme, has demonstrated the need for more financial literacy skills.
He expressed their profound gratitude to the students representatives from Prempeh College, Opoku Ware Senior High, Yaa Asantewaa Girls, Kumasi Anglican Senior High and Adventist Senior High.
The CEO disclosed that, the Institute is carrying out the same initiatives to some Senior High Schools in Greater Accra, Ahafo, Bono, Western, Savannah region etc.
He said Chartered Institute of Bankers, Ghana (CIB Ghana) is mandated by an Act of Parliament, the Chartered Institute of Bankers Ghana Act, 2019 (Act 991), to promote the study of banking and regulate the practice of the banking profession in Ghana.
He indicated that, the Institute’s strategic mandate is to develop trusted financial services professionals, and as part of its mandate, CIB Ghana is contributing to realizing the United Nations (UN) Sustainable Development Goals 1, 4, 8, and 10.
He observed that, these are heard towards attaining zero-poverty status, the provision of quality education, citizens having decent work and economic growth, and the reduction of inequality.
The beneficiary students commended CIB Ghana for the education, and called for more of the education in the future.
CIB Ghana is committed to promoting financial literacy in Ghana. The Institute believes that financial literacy is essential for everyone to achieve their financial goals and live a prosperous life.