Ghana will from November 23rd to 25th host the fourth Child and Youth Finance International (CYFI) Regional Meeting for Africa.
The meeting would bring together the continent’s leading financial experts, policy makers, business leaders, financial service providers, researchers and educators.
The meeting, which would be held under the auspices of Child and Youth International, a Canadian based financial institution, is aimed at creating a platform to define and discuss critical issues.
It is also to identify innovative practices that could help in addressing challenges that hinder the financial inclusion of the youth, entrepreneurship and economic citizenship education.
Speaking during the media launch of the programme on Tuesday, Mrs Sedina Tamakloe, Chief Executive Officer, MASLOC, noted that the meeting would bring together 100 high level delegates from over 20 African and UN agencies.
She noted that over the years, MASLOC had worked assiduously to enhance efficiency in its service delivery, expand support to clients who are mostly market women as well as actively involved in the activities of CYFI at the regional level.
Mrs Tamakloe noted that due to the joint interest of both organizations in promoting financial inclusion which is mainly about the delivery of financial services at affordable costs to low income people.
“Giving the fact that financial inclusion remains a key enabler to reducing poverty and boosting prosperity among our population.
“It is imperative that stakeholders meet regularly to discuss and strategise on how to improve service delivery and develop tailor products to reach as many people as possible,” Mrs Tamakloe said.
In a message read on his behalf, Mr Seth Terpker, Minister of Finance and Economic Planning, said Government had begun with the process of developing a financial inclusion strategy as a means of deepening financial inclusiveness across all parts of the financial sector.
He said the strategy when completed would provide enhancing vehicles to mobilise and invest funds, and promote financial literacy and public awareness among others.
He also cited the development and the introduction of Financial Literacy Education in SHS curricula, increasing financial education as well as increasing technical capacity of financial players as some of the other measures taken by Government to involve the youth in financial matters boost the financial sector.
Mr Terpker said the youth all over the world had been recognized with an important human resource with the potential of significantly contributing to national development as they had the capacity to propel every nation’s development to the next level.
He cited access to financial services as one of the major factors impeding the growth and the development of the youth and wondered why the nation’s constitution allows an 18 year old to help determine who rule the nation by voting, and yet had no right to start a business.
He said improving financial support to the youth would increase the number of new businesses, lead to a boost in economic activities and consequently an expansion in productivity and growth. GNA