Skip to main content

CCML promotes financial literacy among school children



By: Yaw Sarpong

As part of the activities to mark the 35th Anniversary of the Christian Community Microfinance Limited (CCML), the company has taken school kids from selected client schools through Financial Literacy.

The programme which was under the theme “Financial Literacy for kids,” aimed to promote a culture of Biblical Financial Discipline among the school kids.

Mrs. Sylvia Adobea Adadey, a member of the anniversary committee explained that this programme was to help school children understand the need for savings and the importance of banking.

She further explained that if school children were financially literate at an early age it will go a long way to inform the decisions they take in the future and help them make career choices.

The two schools which participated in the Financial Literacy Day were Kisseman Evangelical Presby School and His Divine Grace Academy. School children were taken through four different sessions.

Experts in financial services took the school children through sessions on “Instilling a culture of Biblical Financial Discipline; orientation on various departments in a bank and why these departments exist; about CCML and it uncommon products and services; how banking started and why banks still exist.

Mr. Charles Deegbe, Marketing Manager in charge of Savings stated that he was impressed by the response of the kids and the zeal they exhibited.

School children later wrote an ICT based quiz. The winner Paulina Amedornu of Kisseman Evangelical will later be presented with a CCML Liquid Super Saver Account at her school.

CCML the premier Microfinance Company in Ghana is 35 years old and is wholly owned by the Christian Community of Ghana (CCG) with 24 branches nationwide. CCML offers uncommon financial products like Savings, Loans and Investments.

Comments

Popular posts from this blog

PFM Act to guide local government authority borrowing

By: Fred Yaw Sarpong
The bill, Public Financial Management (PFM) Act 921 which has been passed into law by Parliament is to guide public institutions especially the local government authority borrowing. The law was pass on 3rdAugust, 2016
According to the law, local government authority, a public corporation or state-owned enterprise is liable for the debt and other obligations without recourse to Government, unless otherwise explicitly guaranteed by Government in accordance with this Act.
Madam Eva Esselba Mends, the Chief Economic Officer and Group Head of PFM at the Ministry of Finance told the Daily Express that the law involves a lot but it also give instruction to how state institutions can borrow especially with the  local government authority.
She mentioned that there is no specific law in place that gives direction as to what local authority can do when it comes to borrowing by the authority. Other public corporations sometimes borrow with huge amount for their operation but loca…

Vodafone fined a record £4.6 million for IT blunder

A top-up error left pay-as-you-go customers out of pocket and complaints were mishandled
Vodafone has been fined a record £4.6 million by the telecoms watchdog forleaving thousands of customers out of pocket in a disastrous IT blunder.
Ofcom found that the operator mishandled complaints and failed to pay into the accounts of more than 10,000 pay-as-you-go customers when they topped up their credit.
The top-up error, which cost customers £150,000 over 17 months in 2014 and 2015, stemmed from the moving of 28.5 million accounts to a new billing system.Errors in billing data and price plans caused so much protest that it made Vodafone the most complained-about mobile network in Britain.The technical issues were resolved by April 2015 and all accounts are now on the new system, Vodafone said.
Lindsey Fussell, Ofcom’s consumer group director, said:“Vodafone’s failings were serious and unacceptable, and these fines send a clear warning to all telecoms companies.”
The company says that it has ref…

Enterprise Life inaugurates social centre for Kumasi SOS village

By: Fred Yaw Sarpong
Enterprise Life and Sanlam South Africa together with SOS Children’s Villages Ghana have jointly inaugurated a newly constructed social centre at the SOS Children’s Village, Kumasi in the Ashanti region.
The project, valued at GHc485,000.00 forms part of Enterprise Life and Sanlam-South Africa’s corporate social responsibility (CSR) to promote quality education and health for vulnerable children in Ghana.
The newly established social centre provides a suitable multi-purpose facility with a spacious auditorium among others to host different social activities related to child growth and development and will cater for both SOS children and students of the Hermann Gmeiner School.
The centre also offers the beneficiaries the opportunity to freely socialize and participate actively in educational oriented activities such as school concerts, art exhibitions and workshops.
The Executive Director of Enterprise Life, Mrs. Jacqueline Benyi expressed satisfaction that her outf…