By Gloria Anderson
QNET, an international direct selling company, has launched its FINGREEN financial literacy program with a firm determination to bridge the huge financial literacy gap that exists among the youth, especially women.
The FINGREEN Financial Literacy Program hopes to train more than one thousand youth across the country on selected topics that will ensure that they make informed and sound decisions on their finance.
The FINGREEN financial literacy program which was launched last Tuesday at the Accra Marriott Hotel brought together dignitaries who included Managing Partner at JA Abrahams & Co, Paul Kumi, The Regional General Manager of QNET for Sub-Sahara Africa, Biram Fall, the Managing Director and CEO of Consolidated Bank Ghana Ltd. (CBG), Daniel Addo, Chief Communications Officer – Qi Group, Ramya Chandrasekaran, Institute of Chartered Accountants Ghana, MS Sena Dake and other great dignitaries.
The Regional General Manager of QNET, Biram Fall said QNET initiated the program as a part of its corporate responsibilities. He said the program already implemented in two countries, Nigeria and Ghana has yielded significant results to enhance the decision to implement the program in Ghana.
“The informal sector makes up about 70% to 80% of the economic fabric and that’s got to be reserved here in Ghana and despite everywhere else in African economies with the exception of a couple and financial illiteracy is one of the biggest plagues as far as our economies are underperforming and its of importance that all the companies that take advantage of our countries do the ought most to help in reversing these proportions”
Ghana Consolidated Bank’s CEO, Daniel Addo underscored the alarming gap in financial literacy among the youth, linking it to mismanagement and poor financial decisions. He said urgent action is needed to bridge this divide and empower the next generation with essential financial knowledge.
“The gap in financial literacy in the Standard and Poor report said that about 42% of adults in Ghana are financially literate, I am happy to say that the country is aware of this fact and there are a lot of agencies from the government and even the private sector that are working seriously towards resolving the illiteracy gap.”
QNET is partnering an accounting firm, J.A Abrahams and co to implement the program which is modeled on 11 key topics. Managing Partner at JA Abrahams & Co, Paul Kumi outlines the topics and its importance to the work of the participants.
“ We are going to do about 11 modules or topics that we are going to cover within two weeks. We will cover topics in budgeting and planning, we are going to cover topics in banking, how does an individual benefit from a bank or a banking product. We are going to also do social media marketing and general marketing”.
QNET FINGREEN Financial literacy program would be implemented across the country. Participants were drawn from small-scale businesses, market women and students.
