Financial Awareness and Financial Literacy Movement in Ghana pioneered by the Center for Financial Literacy Education Africa has been launched at the University of Ghana.
The University of Ghana of Business School,The International Improving Financial Awareness and Financial Literacy Association known as The FA Association at the University of Ghana Business School,The Financial Awareness Foundation-the USA and the University of Ghana Law School launched October every year as Estate and Gift Planning Awareness Month in Ghana.
This month long campaign is the second media content blitz run by the movement every year.
Speaking at the launch,Professor Raymond A. Atuguba,Dean of the University of Ghana Law School in his presentation commended the efforts of the Movement and The FA Association at the University of Ghana Business School.
He emphasized the need for massive financial literacy awareness and education.Expounding on estate and Gift planning,he said that University of Ghana School of Law will work with the business school,The FA Association,and The Movement to redeem financial illiteracy by helping students, and the university community get and keep their estate and gift plans in place.
In his presentation Mr.William Damitia, Lecturer at the University of Ghana Law School said that in particular on death and taxes, Estate and Gift Planning; a strategy to protect you and your family,while building wealth and helping others, as in this world nothing is certain,except death and taxes” as one of the founding fathers of the United States of America Benjamin Franklin quote.
In anticipation of death,men must often set out plans and processes to ensure a smooth transfer of their assets to persons upon death,he said.The common form of estate and gift planning may involve appointing another person to make health and financial decisions for a person in the event that the person becomes incapacitated.
A solicitor and barrister, Mrs, Anita Delight Danquah Esq in her presentation said that the spirit of supporting the Improving financial awareness and financial literacy movement in Ghana and October as Estate and Gift Planning Awareness Month on why estate and gifting is important in protecting the vulnerable(women and children in the family.
People are making critical life decisions based on information gained from non-experts and fragmented out of the date sources.
The launched of Estate and Gift planning Awareness Month was educative,insightful and an eye opener as a participant remarked.
Mr.Peter Kwadwo Asare Nyarko, Executive Director Center for Financial Literacy Education-CFLE Africa, said the Movement and it’s partners will run activities throughout the month to educate the citizenry and also call on all and sundry to support and participate in all to eradicate financial illiteracy Epidemic in the country.