Chartered Institute of Bankers, Ghana (CIB Ghana) has held a Financial Literacy Day at some Senior High Schools in Ghana on Friday, October 20, 2023. The event forms part of the Institute’s 60th Anniversary Celebration, which has the theme ‘Redefining Professionalism in Banking through Ethics’.
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. The Institute’s strategic mandate is to develop trusted financial services professionals.
As part of its mandate, CIB Ghana is contributing to realising the United Nations (UN) Sustainable Development Goals 1, 4, 8, and 10. These are attaining zero-poverty status, the provision of quality education, citizens having decent work and economic growth, and the reduction of inequality.
At the Financial Literacy Day event, CIB Ghana professional members (Chartered Bankers) facilitated financial literacy sessions in secondary schools, covering topics such as:
- The importance of financial literacy
- How to save and invest carefully
- The importance of personal budgeting
- How to borrow money responsibly
- How to avoid financial fraud when using digital financial services.
The CIB Ghana’s financial literacy event was launched in Ashanti Region on Friday 20 October 2023. A number of financial institutions and chartered bankers participated in the facilitation. Schools in other regions are within scope to be covered in the Institute’s financial literacy campaign.
CEO of the institute, Robert Dzato, commenting on the initiative, said it is the mandate of the Institute to promote banking education under CIB Ghana Act, 2019 (Act 991).
According to him, this mandate extends to our younger brothers and siters in secondary schools too. He emphasized the speech delivered by the President of the Institute, Benjamin Amenumey, that CIB Ghana intend to partner with the Ministry of Education to embed financial literacy skills in curriculums. According to Mr Dzato, “if there is one lesson from the recent Domestic Debt Exchange Programme (DDEP) in Ghana, it is that we all need more financial literacy skills.”
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 financial freedom in life. The prosperity of our nation depends on a financially literate population, according to CIB Ghana.
