Close Menu
MyGhanaDaily
    Facebook X (Twitter) Instagram
    MyGhanaDaily
    Sunday, October 26
    Trending
    • Qofi Shakur Talks Shatta Wale’s Influence, Freestyles, and His Musical Mission
    • Wendy Shay Is “READY” — Drops Her Most Fearless and Emotional Album Yet
    • Beeztrap KOTM and Olivetheboy Shine in the Stunning Visuals for “FOTO”
    • “Body Go” by Moliy ft. Tyla Is a Celebration of African Beauty and Power — Watch Now
    • African Excellence: Stonebwoy Receives Prestigious Recognition in the U.S
    • December in Ghana Just Got Better — Here’s Every Major Concert You Shouldn’t Miss
    • GNCCI Calls for Simplified Tax Regime and Single VAT Rate to Ease Business Costs
    • SWAG Intensifies Sponsorship Drive Ahead of 50th Anniversary Awards
    Your Marketplace Banner
    • News
    • Business
    • Entertainment
      • Music
      • Movies
      • Fashion
      • Celebrity news
    • Sports
    • Health
    • Technology
    • Agriculture
    • Opportunites
    • Videos
    • More
      • Education
      • Tourism
      • History
      • Feature
      • Opinion
      • World
    MyGhanaDaily
    Home»News»BoG sensitises Takoradi market women on financial literacy
    News

    BoG sensitises Takoradi market women on financial literacy

    myghanadailyBy myghanadailyNovember 7, 2024Updated:November 7, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Economics Financial Literacy 1
    Getting your Trinity Audio player ready...

    The Bank of Ghana (BoG) has organised a sensitisation programme on banking services, and consumer rights and responsibilities for market women within the Sekondi-Takoradi Metropolis of the Western Region.

    The programme, held in Takoradi, was to equip the participants with the necessary knowledge to enhance their financial literacy skills for informed financial choices.

    Send your stories to Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140

    They were taken through how to identify institutions licensed by the BoG, identify red flags, secure bank accounts, guarantee a loan, complaint and resolution procedure, savings, loan application, and credit referencing among other topics.

    Mr Godfred Cudjoe, an officer at the Financial Stability Department of the BoG, speaking at the event said the workshop was part of the Bank’s strategies to empower the citizenry with the knowledge to increase their financial literacy, and subsequently restore public confidence in the financial sector.

    He said: “We have realised that because some people do not know their rights and responsibilities, a lot of them have lost their monies, or have lost interest in working with banks due to certain actions by such institutions”.

    “That is why we have come here to educate them on how they can identify institutions licensed by the BoG, identify red flags, and the various complaints and resolution procedures so they take good financial decisions to help spur the growth of their businesses.”

    Mrs. Nana Asaa Parker, Deputy Chief Manager, Financial Stability Department, BoG, told the participants to be vigilant in dealing with financial institutions, saying they should always check to see that such institutions had the necessary documentations to operate to avoid losing their monies to organisations involved in dubious transactions.

    “When you enter any financial institution, always check to see if they have the Bank of Ghana logo, and certificates and licenses issued by the BoG before you do any business transactions with them, so that you do not give your monies to some dubious people,” she advised.

    Ms. Esi Hagan, of the Financial Stability Department of the BoG, also cautioned the participants to thoroughly assess the background and repayment capabilities of people who needed financial assistance before guaranteeing a loan or credit facilities for them.

    She said they must understand the terms and conditions of the loan, and are comfortable before signing off such documents, because there were some legal implications if the borrower defaulted.

    Madam Mary Mensah, one of the participants, expressed gratitude to the BoG for educating them on their rights and responsibilities, and said it had helped them to better understand basic financial principles, which would position them to make good decisions regarding savings and loans, and other financial services.

    Source: GNA

    Send your news stories to
    Email: myghanadaily@gmail.com • WhatsApp: +233 577 145 140
    Advertise with us | Follow our WhatsApp channel for more news
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleCAPHA builds capacity of public health stakeholders to influence food policies
    Next Article Avenor Tutudoza Traditional Council announces ban on all funerals
    myghanadaily

    myghanadaily is managed by the Publishing Desk. You can reach us via email; info@myghanadaily.com

    Related Posts

    SWAG Intensifies Sponsorship Drive Ahead of 50th Anniversary Awards

    October 25, 2025

    Mahama Raises Disability Fund Allocation to 5%

    October 25, 2025

    Presidency confirms death of former first lady Nana Konadu Agyeman-Rawlings

    October 23, 2025
    LATEST NEWS
    • Qofi Shakur Talks Shatta Wale’s Influence, Freestyles, and His Musical Mission
    • Wendy Shay Is “READY” — Drops Her Most Fearless and Emotional Album Yet
    • Beeztrap KOTM and Olivetheboy Shine in the Stunning Visuals for “FOTO”
    • “Body Go” by Moliy ft. Tyla Is a Celebration of African Beauty and Power — Watch Now
    • African Excellence: Stonebwoy Receives Prestigious Recognition in the U.S
    SPORTS NEWS

    2026 FIFA WCQ: Ghana beats Mali

    September 9, 2025

    The Black Stars Podcast: A six-part dive into Ghana’s football history, struggles and sparks of glory

    August 30, 2025

    2026 World Cup qualifiers: Black Stars set to open camp on September 1

    August 27, 2025

    Felix Afena-Gyan Joins Amedspor on Season-Long Loan

    August 21, 2025

    Ayew Stays Positive as Foxes Target Quick Response

    August 21, 2025
    Recent Posts
    • Qofi Shakur Talks Shatta Wale’s Influence, Freestyles, and His Musical Mission
    • Wendy Shay Is “READY” — Drops Her Most Fearless and Emotional Album Yet
    • Beeztrap KOTM and Olivetheboy Shine in the Stunning Visuals for “FOTO”
    • “Body Go” by Moliy ft. Tyla Is a Celebration of African Beauty and Power — Watch Now
    • African Excellence: Stonebwoy Receives Prestigious Recognition in the U.S
    Like Us On Facebook
    Facebook Pagelike Widget
    • Facebook
    • Twitter
    • Instagram
    © 2019 -2025 Copyright | MyGhanaDaily.com

    Type above and press Enter to search. Press Esc to cancel.