BoG takes financial literacy drive to Techiman, vows to protect depositors

The Bank of Ghana (BoG) has reaffirmed its commitment to engaging with stakeholders across the country, emphasizing collaboration and shared responsibility in maintaining Ghana's economic stability. The Central Bank held its first-ever stakeholders' engagement in Techiman, the Bono East Regional capital, under the theme "Strengthening Stakeholder Relations Through Dialogue and Engagement."

The initiative aimed to educate traders, market women, and business owners about the Bank of Ghana's operations, fostering inclusiveness and trust.

BoG Director of Communications, Bernard Ato Otabil, explained that the engagement is crucial for building trust and ensuring that every Ghanaian understands the bank's operations and their impact on daily life. Topics covered included the bank's role and mandate, responsible borrowing and consumer protection, issues related to dud cheques, and currency education.

Lawal Abubakari, the Regional Director for the Sunyani office, emphasized that valuable feedback from the engagement will help refine the bank's approach and improve services nationwide. He stressed the importance of listening to people's experiences and concerns in shaping policies and interventions.

While participants appreciated the Bank of Ghana's efforts to educate them, some expressed concerns about identifying genuine financial institutions.