The Chartered Institute of Bankers, Ghana (CIB), has marked the 2023 Financial Literacy Day with students of some selected Senior High Schools in the Ashanti Region under the theme: “Redefining Professionalism in Banking through Ethics”.
The observation of the 2023 Financial Literacy Day formed part of CIB’s 60th Anniversary celebrations.
The Institute made presentations on various topics, including The Importance of Financial Literacy, Savings and Investment Skills, and The Essence of Personal Budgeting, amongst others, to the students.
Mr. Benjamin Amenumey, President of CIB Ghana, emphasised that financial literacy was essential and that young people needed to make sound financial decisions to achieve their financial goals that could help them avoid debt traps and build a secured financial future.
Mr. Robert Dzato, Chief Executive Officer 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 was a sustainable development issue, for which reason, the Institute would work with partners and the Ministry of Education to include financial literacy skills in the curriculum of school.
According to him, the lesson from the recent Domestic Debt Exchange Programme had demonstrated the need for more financial literacy skills.
He expressed their profound gratitude to the student representatives from Prempeh College, Opoku Ware Senior High, Yaa Asantewaa Girls, Kumasi Anglican Senior High and Adventist Senior High.
He said the Chartered Institute of Bankers, Ghana (CIB Ghana) was 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 was to develop trusted financial services professionals, and as part of its mandate, CIB Ghana was contributing to realising the United Nations (UN) Sustainable Development Goals 1, 4, 8, and 10.
The Chief Executive Officer (CEO) observed that these were geared 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 a sustained education programme for schools in the future.
