The Ministry of finance says the fourth National Financial Literacy Week celebration would target the Youth in tertiary institutions. 
The programme would feature the different segments of the financial sub-sectors including the banking industry, insurance industry and the securities industry, to raise awareness and enhance public understanding of the range of products and services being offered by financial institutions.
Financial discipline among Ghanaians is reported to be generally low; a situation that has extended to state institutions.
This has resulted in mistrust among the public which has obviously not augered well for the country’s economy.
The Deputy Minister of Finance Mona Quartey who addressed the press on the programmes for the fourth financial literacy week stressed the event was very necessary as it will deepen the financial understanding, attract the unbanked and uninsured, protect the public against fraud by providing access to basic financial knowledge and on the legal and regulatory framework of the financial sector, and instilling financial discipline to ensure that people properly plan for retirement.
The Minister used the moment to appeal to Ghanaian youth and those in the tertiary institutions to participate in this year’s financial literacy campaign activities.
Two surveys conducted in 2007 and 2008 have revealed that 43 per cent of Ghanaians either did not have full or correct information on successful financial planning, or they did not have information they needed to plan their personal finances. It is for this deficiency in financial knowledge that Ghana’s Financial Sector Strategic Plan instituted the annual National Financial Literacy Week to raise awareness on the range of financial products and services available to consumers to help them better understand and manage their personal finances.
This year’s National Financial Literacy Week is being celebrated on the theme “Financial literacy, Key to a secured future” and would be celebrated from the September 23 to 28, 2014.
The Deputy Minister of Finance and Economic Planning, Mona Helen Quartey addressing the media says education was critical to equip consumers with requisite knowledge to make wise financial decisions.
“Government policy direction is to develop strategies that would ensure consumers are well informed and capable of making sound financial decisions to compliment the broadening and deepening the financial services in this country.”
