\n
\u00a0The \u00a0Chief Exec\u00adutive Officer of Ghana Associa\u00adtion of Banks, Mr John Awuah, has charged Ghana\u00adians to prioritise investments and insurance schemes to mitigate business risks and stimulate eco\u00adnomic growth.<\/p>\n
He explained that the prior\u00aditisation of investment and in\u00adsurance schemes by the citizenry would help protect businesses from unforeseen events, promote sustainability, and foster a resil\u00adient economy.<\/p>\n
According to Mr Awuah, there was the need for the citizenry to prioritise financial planning and wise spending, as their actions laid the foundation for future generations\u2019 wellbeing and prosperity.<\/p>\n
He was speaking at the Na\u00adtional Estate and Gift Planning Awareness conference held in Accra on Friday as part of activi\u00adties in celebrating October as es\u00adtate planning awareness month .<\/p>\n
It was organised by the Centre for Financial Literacy Education Africa under the theme, \u2018Estate and Gift Planning: An instrument for wealth and sustainability; giving back, giving forward.\u2019<\/p>\n
The event brought togeth\u00ader more than 100 participants, including policymakers, entrepre\u00adneurs, industry players, and busi\u00adnessmen from across the globe, to explore and share innovative ideas on ways in shaping the fu\u00adture of finance in the country.<\/p>\n
Despite the growing adoption of investment and insurance, Mr Awuah noted that a significant number of individuals remained uninformed about its pivotal role in bolstering the economy.<\/p>\n
He emphasised the pivot\u00adal role of estate planning in fostering economic growth and national development, stressing its significance in long-term eco\u00adnomic stability.<\/p>\n
Furthermore, he explained estate and gift planning as the process of managing and distrib\u00aduting one\u2019s assets, properties, and wealth during his or her lifetime and beyond.<\/p>\n
\u2060\u201dThe sustainability of family businesses in Ghana is para\u00admount, given their substantial contribution to government tax revenues,\u201d he added.<\/p>\n
The Executive Director of the Centre for Financial Liter\u00adacy, Mr. Peter Asare Nyarko, highlighted the importance of individuals safeguarding their properties from unauthorised acquisition or theft by others.<\/p>\n
\u201cImpact investing and sustain\u00adable giving provide a powerful framework for fostering econom\u00adic growth, job creation, and social progress, while ensuring a resil\u00adient, equitable, and sustainable future for generations to come,\u201d he indicated .<\/p>\n
Mr Nyarko emphasised the importance of planning living wills and urged citizens to take proactive steps in outlining their end-of-life medical preferences in order to ensure that their wishes are respected.<\/p>\n
BY AGNES OWUSU<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
\u00a0The \u00a0Chief Exec\u00adutive Officer of Ghana Associa\u00adtion of Banks, Mr John Awuah, has charged Ghana\u00adians to prioritise investments and insurance schemes to mitigate business risks and stimulate eco\u00adnomic growth. He explained that the prior\u00aditisation of investment and in\u00adsurance schemes by the citizenry would help protect businesses from unforeseen events, promote sustainability, and foster a resil\u00adient […]<\/p>\n","protected":false},"author":1,"featured_media":236747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-236746","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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