• About
  • Advertisements
  • Terms of Use
  • Contact
Thursday, July 10, 2025
The Sikaman Times
Advertisement
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus
No Result
View All Result
The Sikaman Times
No Result
View All Result

CFLE Africa urges banks’ support for financial literacy drives

by Yaa Amoakowaa Obeng
April 15, 2025
CFLE Africa urges banks’ support for financial literacy drives
ShareTweetSendShareSend

The Executive Director of the Centre for Financial Literacy Education Africa (CFLE Africa), Peter Asare Nyarko, has called on banks and financial institutions in Ghana to commit more resources to financial literacy initiatives as a strategic investment in national development.

Speaking at the 3rd National Financial Awareness and Financial Literacy Conference held at the University of Ghana, Mr. Nyarko stressed that financial literacy is essential for economic empowerment and long-term poverty reduction.

He emphasized that CFLE Africa’s core mission is to make every Ghanaian financially aware and literate, but this mission cannot be achieved without the backing of the banking sector.

“For us to have a community of financial literates—and that’s our mandate at CFLE Africa—we need resources to be able to reach people,” he said.

“Banking institutions need to support us. They need to put in resources. They need to channel some of their marketing dollars into financial literacy activities,” he added.

He explained that the efforts of CFLE Africa are not separate from the interests of the financial sector but rather complement them. By educating people on financial planning and management, he noted, the organisation is cultivating a new base of clients for banks and financial institutions.

“Everything that CFLE Africa is doing, we are actually promoting people to buy financial services,” he added. “We want to partner with the banks; we want to work with them so we can touch every single person in Ghana.”

CFLE Africa, which has been at the forefront of financial literacy advocacy for the past seven years, has reportedly reached over 12 million Ghanaians through media outreach, public engagements, and strategic partnerships. These include collaborations with KPMG, Deloitte, the Ghana Association of Banks, and a host of media organisations and NGOs.

Mr. Nyarko shared success stories from campaigns in local markets such as Madina, Makola, and Tudu, where traders who were once financially unaware are now saving, investing, and planning for retirement.

“They were saying that after what we shared with them in April, now they have been able to buy an insurance policy, set up an investment fund, and open retirement accounts.”

“These are the impacts that we see,” he recalled.

He further argued that a financially literate population could help tackle deep-rooted socioeconomic challenges.

He emphasized that widespread financial knowledge and the ability to manage personal finances effectively could lead to a reduction in social vices and ultimately break the cycle of inherited poverty.

In his words, Africa often passes down poverty rather than wealth—a reality that, he insisted, must change.

Despite the organisation’s achievements, he noted that CFLE Africa still faces significant challenges—particularly inadequate funding and limited human resources—and called for greater support from stakeholders.

Advertisement Advertisement
Tags: CFLE AfricaGhana NewsHeadlinesPeter Asare Nyarko
Share1Tweet1SendShareSend
Previous Post

Minority claims credit for IMF Staff-Level Agreement, accuses gov’t of data manipulation

Next Post

Financial literacy education must be simpler, more inclusive – John Awuah

Related Posts

Country Senior Partner at PwC Ghana, Vish Ashiagbor
Business

GenAI trust and adoption surges in Ghanaian boardrooms – PwC survey

July 9, 2025
PwC Ghana - 2
Business

Ghanaian CEOs upbeat on economy but cautious about business-specific growth

July 9, 2025
Awruabena Aubynn and Nana Akua Owusu Afriye
General

Ablekuma North polls: High court dismisses NPP’s injunction application

July 9, 2025
Elizabeth Ofosu-Adjare-2
General

1D1F is no more – Trade Minister tells Parliament

July 9, 2025
CDD-Ghana presentation on DemCap
General

CDD-Ghana warns of rising threat of “Democracy Capture” in Africa

July 8, 2025
Mahama launches gold smuggling task force, announces whistleblower reward scheme
Business

Mahama launches gold smuggling task force, announces whistleblower reward scheme

July 8, 2025
Next Post
Financial literacy education must be simpler, more inclusive – John Awuah

Financial literacy education must be simpler, more inclusive – John Awuah

  • CDD-Ghana presentation on DemCap

    CDD-Ghana warns of rising threat of “Democracy Capture” in Africa

    1 shares
    Share 0 Tweet 0
  • Ablekuma North polls: High court dismisses NPP’s injunction application

    1 shares
    Share 0 Tweet 0
  • Suspended CJ Torkornoo drags Gov’t to ECOWAS Court, says Deputy AG

    2 shares
    Share 1 Tweet 1
  • Ghanaian CEOs upbeat on economy but cautious about business-specific growth

    0 shares
    Share 0 Tweet 0
  • GenAI trust and adoption surges in Ghanaian boardrooms – PwC survey

    0 shares
    Share 0 Tweet 0
The Sikaman Times

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow Us

Browse by Category

  • Africa
  • Ahafo
  • Art & Entertainment
  • Arts & Entertainment
  • Ashanti
  • Aviation
  • Banking & Finance
  • Bono East
  • Brong Ahafo
  • Business
  • Business
  • Central
  • Communication
  • Culture
  • Eastern
  • Economy
  • Education
  • Entrepreneurship & Local Business
  • Exclude
  • Features
  • General
  • Ghana
  • Greater Accra
  • Health
  • Health
  • International
  • International Trade
  • Lifestyle
  • Lifestyle
  • Media
  • National
  • News
  • North East
  • Northern
  • Oil & Gas
  • Oti
  • Politics
  • Politics
  • Real Estate
  • Regional
  • Relationship
  • Relationship
  • Religion
  • Savannah
  • Social
  • Social
  • Sports
  • Sports
  • Technology
  • Trade
  • Transportation
  • Uncategorized
  • Upper East
  • Upper West
  • Volta
  • Western

Recent News

Country Senior Partner at PwC Ghana, Vish Ashiagbor

GenAI trust and adoption surges in Ghanaian boardrooms – PwC survey

July 9, 2025
PwC Ghana - 2

Ghanaian CEOs upbeat on economy but cautious about business-specific growth

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

About Us

© 2024 - The Sikaman Times

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Regional
  • Features
  • Focus

About Us

© 2024 - The Sikaman Times

QUICK LINKS

About

Privacy Policy

Terms Of Use

Advertisement

Contact

FOCUS

Ghana

Africa

International

CATEGORIES

General News

Business

Opinions

Politics

Technology

EXTRAS

Sports

Entertainment

Health & Wellness

STAY CONNECTED

Facebook Twitter Youtube Instagram Linkedin

© COPYRIGHT 2022-2025
The Sikaman Times