Executive Director for the Center for Financial Literacy Education Africa, Peter Kwadwo Asare Nyarko, is urging educational institutions to incorporate financial literacy as a fundamental part of the basic school curriculum.
In a recent interview on A1 Radio’s Day Break Upper East Show with Mark Smith, Mr. Nyarko emphasised that the absence of financial education among young people hinders their ability to make informed financial decisions as they grow older.
According to Peter Kwadwo Asare Nyarko, Executive Director for the Center for Financial Literacy Education Africa, the lack of financial literacy education in the basic school curriculum contributes to a significant knowledge gap among young individuals. This knowledge gap prevents them from developing essential skills in saving and investing, ultimately hindering their financial well-being in the long run.
By incorporating financial education into basic school subjects, students can learn about money management, responsible spending, and financial planning, establishing a strong foundation for their financial future.
Under the guidance of Mr.Nyarko, the Center for Financial Literacy Education Africa is actively advocating for the integration of financial literacy into the basic school curriculum. They are engaging with educational institutions, policymakers, and stakeholders to promote the inclusion of financial education as a core component of the curriculum.
“Absolutely, this is something I am fighting so hard for. It is to make sure the Ghana Education Service and most of the educational institutions inculcate financial literacy into their syllabus. I believe that financial literacy needs to start from the basic level. It is a habit and once you are able to inculcate this habit into these young people and they grow up with it, it would be great,” he said.
Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana
