By Rukayatu Musah
Director, Financial Sector Division, Ministry of Finance, Sampson Akligoh, says current developments within the economy and the financial sector have given more credence to timely financial literacy education.
This educational campaign has been held in twelve regions so far, with the primary goal of equipping citizens with the relevant education to empower them to make informed decisions about financial products.
Speaking at a town hall meeting in Accra with professional bodies made up of nurses and teachers, Mr. Akligoh urged citizens to factor in risk when investing, as high returns come with high risk while low returns come with low risk.
Chairperson of Financial Education Multi-Stakeholder Committee, Patience Arko Boham, said the campaign is necessary to help citizens fish out ponzi schemes. She advised aggrieved customers of Menzgold not to pay any money again to obtain a pin, as that is clearly another ponzi scheme.
Representatives from the Bank of Ghana, National Pensions Regulatory Authority, Securities and Exchange Commission, Ghana Stock Exchange and National Insurance Commission were present to share industry-specific education with citizens.