By Benjamin A. Commey/Jibril Abdul Mumuni
Accra, April 15, GNA – A financial literacy conference held in Accra has called for a national shift in money management, emphasizing financial education as vital for personal prosperity and economic stability.
The event, held on the theme “Building Wealth, Changing Lives, Strengthening Communities through Personal and Financial Education,” was organized by the Centre for Financial Literacy Education (CFLE) Africa.
It brought together banking executives, government officials, and business leaders to address financial literacy challenges in Ghana.
Mr. John Awuah, President of the Ghana Association of Bankers, underscored the importance of prudent money management for financial stability.
“Building wealth was not a matter of luck or inheritance but rather the result of consistent discipline and sound financial commitment,” he said.
Mr Awuah noted that financial literacy was a practical skill that required consistent application and said, “This disciplined approach to managing resources is essential for individuals seeking genuine financial freedom and security.”
He also noted that macroeconomic factors like inflation and government debt impacted personal finances.
“This underscores the importance of expanding financial literacy beyond basic personal finance to include an understanding of economic trends and policy decisions.
“By comprehending the larger financial landscape, individuals can make more informed choices to safeguard their wealth and navigate economic uncertainties effectively,” he explained.
Mr. Peter Asare Nyarko, Executive Director of CFLE, stressed the role of financial literacy in fostering stable communities and combating poverty.
“These real-world outcomes demonstrate that understanding basic financial principles empowers individuals to make informed decisions that directly improve their lives and the well-being of their families,” he noted.
Keynote speakers included Dr. Eric Boachie Yiadom, Financial Economist and Senior Lecturer at the University of Professional Studies, Accra; Prof. Enoch Opoku Anti, Dean at Academic City; and Prof. Paul Adjei Onyinah, Associate Professor at Pentecost University.
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