Accra, Ghana – The Center for Financial Literacy Education Africa (CFLE-Africa) today concluded its month-long campaign in observance of Financial Literacy Month, marking a remarkable period of engagement, education, and nationwide mobilization under the theme: “Building Wealth, Changing Lives: Strengthening Communities through Personal and Business Financial Education.”
Throughout the month of April, CFLE-Africa led an expansive campaign designed to reach diverse audiences from market women and students to small business owners and
corporate professionals through inclusive, practical, and action-oriented financial
education.
According to Mr. John Awuah, Advisory Board Chairman of the Center for Financial Literacy Education Africa and CEO of the Ghana Association of Banks, “Financial literacy is foundational to economic transformation. This campaign demonstrated the urgent demand for financial knowledge and the opportunity to instill habits that drive sustainable personal and business growth. We are proud to support such a high-impact initiative.”
Peter Asare Nyarko, Executive Director of Center for Financial Literacy Education Africa, reinforced this message, stating: “We are inspired by the energy, enthusiasm, and thirst for knowledge witnessed across the country. When people are given the right tools, supported by the right partners, they take charge of their financial future, and that is the true meaning of empowerment.”
Campaign Highlights and Reach
This year’s campaign focused on delivering tailored, practical financial literacy programs
across a wide range of platforms and regions, including:
● National Financial Awareness & Financial Literacy Conference 2025
Hosted in partnership with the Ghana Association of Banks, this national event
convened stakeholders including students, educators, financial institutions,
policymakers, and development partners. Participants explored strategies to scale
financial literacy and inclusion, especially for underserved populations.
● Community Market Outreach Programs
In partnership with Prudential Life Insurance Ghana, CFLE-Africa conducted face-to-
face financial literacy outreach in major markets across the country. Market traders and entrepreneurs in Madina, Kumasi Kejetia, Sunyani, Tudu, Ashaiman, Koforidua, and
Takoradi received practical guidance on budgeting, savings, insurance, and investing.
● Regional Financial Literacy Konnect Meetups
In collaboration with the GhanaThink Foundation, the organization hosted peer-led
financial education sessions in Navrongo, Wa, Tamale, Bolgatanga, Techiman, Sunyani,
Kumasi, Obuasi, Accra, Tema, Koforidua, and several other towns. These meetups
connected individuals with mentors and local role models who shared real-life financial lessons and strategies.
● Media and Public Engagement
A broad media outreach campaign amplified the message nationwide. Through media
partnerships with Sikaman Times, Joy News, TV3, and other outlets, CFLE Africa
disseminated financial literacy tips, expert interviews, and impact stories to millions of
Ghanaians via television, radio, print, and social media.
Key Observations from the Field
● Widespread Demand for Practical Financial Knowledge: Citizens, particularly youth and
informal workers, expressed a desire for context-specific content that applies to their
everyday lives. This reinforces the need for localized, relevant, and participatory
learning formats.
● Digital Tools are Expanding Access: The increased use of mobile applications, WhatsApp platforms, and social media boosted engagement levels among young people and
remote learners. Moving forward, digital literacy must be a central component of
financial education.
● Women and Youth Leading the Charge: There is growing interest in financial
independence among women and young people, with many eager to lead financial
education efforts in their communities. Tailored content for these demographics could yield generational transformation.
● SMEs Require More Than Funding: Many small businesses fail not due to lack of capital, but because of weak financial planning, pricing models, and poor resource management. Ongoing coaching and mentoring must be integrated into business support programs.
Lessons Learned
- Financial Literacy Must Be Continuous: One-time sessions are insufficient. Lasting impact comes from consistent mentorship, long-term programs, and accountability
systems. - Behavioral Change Takes Time: Teaching financial skills is important, but building confidence and discipline is equally critical to fostering good financial habits.
- Communities are Critical Multipliers: Involving schools, churches, families, workplaces, and civic groups enhances outreach and ensures deeper, more sustained impact.
Looking Ahead
With Financial Literacy Month officially ending, CFLE-Africa emphasizes that the journey toward financial empowerment is far from over.
For Individuals, the next step is to commit to lifelong learning, establish clear financial
goals, and take advantage of available tools, training, and community support systems.
For Businesses, it’s time to prioritize financial capability-building among staff, strengthen
internal processes, and adopt training programs that foster transparency and sustainability.
Acknowledging Our Partners
CFLE-Africa extends its sincere gratitude to its strategic partners, whose collaboration
made this campaign possible. These include:
● Ghana Association of Banks
● The Financial Awareness Foundation (USA)
● Prudential Life Insurance Ghana
● KPMG Ghana
● Deloitte Ghana
● GhanaThink Foundation
● Media partners such as Sikaman Times, Joy News, and other national and local media
● Educational institutions, student groups, and countless community volunteers
Our Commitment
As a leading advocate for financial literacy and inclusion in Africa, CFLE Africa remains
deeply committed to delivering innovative, scalable, and impactful programs. We will
continue to work alongside stakeholders to influence policy, build capacity, and create
opportunities for people to make sound financial decisions that change lives and strengthen
communities.