Accra, March 3, GNA – Lancaster University Ghana (LUG), in collaboration with the Association of Chartered Certified Accountants (ACCA) Ghana, has launched a first of its kind Financial Literacy Project (F.L.I.P.).
The statement issued in Accra and signed by Ms Mary Anne Amoah, the Marketing Manager, LUG, said the Project was the result of a Memorandum of Understanding between LUG and ACCA.
It said the main aim of the project was to educate students in second cycle public institutions on the benefits of saving money for both planned and unexpected future use.
The statement said in the wake of Ghana’s current economic crisis, ACCA and LUG saw it as their social responsibility to do all they could to avert the severity of another fiscal meltdown on the pockets on students.
It said the project targets people who are yet to enter the job market, it would educate them in the best ways to utilise and manage money.
‘This should benefit them immensely when they eventually enter the labour market,’ the statement said.
It said ACCA would provide all necessary tools and training, while the main execution of the project would be carried out by the student members of Lancaster University Ghana’s Business Club.
The project in its pilot phase is to commence in the Greater Accra Region and will have LUG’s Business Club members visiting a variety of public secondary institutions such as Accra Academy and Accra Girls’ Senior High School, among many others.
It said the project would serve as practical experience for the students who studied Project Management as part of their Foundation year.
The project would be climaxed in a light-hearted quiz designed to reward the school that became the most financially literate.
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