Following the renewal of their partnership, Prudential Life Insurance Ghana and Fidelity Bank Ghana Limited working in collaboration with the UK Ghana Chamber of Commerce (UKGCC), Petra Trust and the National Insurance Commission held a webinar to educate the public on the best ways to build financial security.
The webinar, which streamed live on Facebook, titled Effective Financial Planning in Uncertain Times, brought together seasoned industry practitioners to discuss innovative ways that individuals can take charge of their finances for a better future.
The webinar which was moderated by Kojo Akoto Boateng of Citi FM/Citi TV, featured panelists such as Vera Lynnette Adomako-Nyantakyi, Chief Commercial Officer, Prudential Life Ghana; Nana Esi Idun-Arkhurst, Divisional Director, Retail Banking, Fidelity Bank Ghana Limited; Chris Hammond, Deputy Managing Director, Petra Trust; and Seth Eshun, Head of Supervision, National Insurance Commission (NIC).
Beginning the discussions, Nana Esi Idun-Arkhurst noted that everyone needs a financial plan to cater for the uncertainties of life. “Irrespective of how much you earn, you must build a culture of savings and deliberately save to help in uncertain times. Fidelity Bank has the right blend of transactional, savings and investment accounts to assist with effective financial planning.”
Highlighting the need to invest in insurance products, Vera Lynnette Adomako-Nyantakyi commented: “How long can you operate and sustain your lifestyle in uncertain times? If you cannot boldly answer this question, I advise that you save more, spend less and subscribe to a good insurance policy at Prudential Life Insurance.”
Chris Hammond said: “You cannot have a complete financial plan without a retirement plan. Up to 16.5 percent of one’s income may be saved into a Tier 3 long-term personal savings pension scheme for a sound retirement plan.”
Seth Eshun advised employees to verify with the Social Security and National Insurance Trust (SSNIT) if their Tier 1 pension is being paid and to confirm which institution is the trustee for their Tier 2. He added that the NIC will ensure that insurance companies treat their customers fairly in all their dealings.
In his closing remarks moderator Kojo Akoto Boateng added that Ghanaians should save not only for a rainy day but also to enjoy some of life’s pleasures, such as taking a family vacation.
The thought-provoking webinar saw the seasoned panelists share insights, tools, values and habits to guide Ghanaians on their journey to effective financial planning. Some participants who joined the webinar expressed their delight in gaining financial insights to be in a better position to provide security for their families and choosing the right type of insurance to secure their future, even in uncertain times.
About Fidelity Bank Ghana
In a little over a decade, Fidelity Bank Ghana has grown from a discount house to a Tier One Bank and is now the largest privately-owned Ghanaian Bank. The bank currently serves its customers in 75 branches across Ghana and is a leader in the digital banking revolution. Fidelity Bank also revolutionized the agency banking space in Ghana with over 4,000 Agents across the country and is the undisputed champion of inclusive banking in the country.
The bank has two subsidiaries, Fidelity Asia Bank Limited, which is a wholly owned subsidiary in Malaysia and Fidelity Securities Limited. In a short period of time, Fidelity Bank has become a household name in Ghana by adopting a customer-centric culture and delivering consistently on the promise of making a difference in the lives of all stakeholders.
The Fidelity Bank brand has an infinitely positive outlook on life and the brand’s tagline of “Believe with Us” speaks to this. The bank believes that if all stakeholders come together, nothing can stand in the way of progress because “Together, We’re More”.
About Prudential Life Insurance Ghana
Prudential Life Insurance Ghana is one of the top 5 life insurance companies in Ghana. It employs approximately 100 staff, 1,800 agents and over 900,000 customers. Prudential is a wholly owned subsidiary of Prudential Plc and is committed to building a leading life insurance business in Ghana. For more information, visit www.prudential.com.gh.
About the UKGCC
The UK-Ghana Chamber of Commerce (UKGCC) was established in 2016 to promote bilateral trade between the UK and Ghana. It is the leading UK business support organisation in Ghana.
The UKGCC provides exceptional support for its members through the sharing of knowledge and ideas, creating platforms for building stronger networks and providing linkages with Government and its agencies. One of its key focus is to see Ghana become a significant economic partner for the UK as an export market, import source, investment destination and vice versa. It exists to further the business interests of its members across both countries and create more business opportunities.
The Chamber is backed by the British and Ghana Governments through the UK-Ghana Business Council and the British Chambers of Commerce in the UK.