Cfle Africa

Vision

We envision an Africa in which all people are FINANCIALLY AWARE, FINANCIALLY LITERATE, and have ACCESS TO ETHICAL FINANCIAL ADVICE, FINANCIAL PRODUCTS, AND FINANCIAL SERVICES.

Mission

To address the lack of financial awareness and financial illiteracy epidemic in Africa; through developing and promoting FINANCIAL LITERACY SKILLS and CAPACITY, FINANCIAL and ECONOMIC EMPOWERMENT, FINANCIAL EDUCATION and TRAINING; as well as RECOGNIZING and UNITING organizations, and individuals that are championing financial awareness and financial literacy.

Core Activities

⦁ Advocacy
⦁ Education and Trainings
⦁ Consulting and Facilitation
⦁ Research and Policy

Mission

⦁ To Empower and Educate all Ghanaians and Africans to make Financially Sound Decisions.
⦁ Develop and Promote Financial Literacy Skills in Young People for Successful Living.
⦁ Create Massive Financial Awareness and Financial Literacy Education.
⦁ Recognize and Unite Organizations, and Individuals that are Championing Improving Financial Awareness and Financial Literacy.

Vision

 An Africa in which All People are Financially Aware and Financially Literate.

Strategic Approach

To Successfully Execute our Mission and Achieve our Vision We Consistently;
⦁ Deploy & Employ Human Resources Creatively
⦁ Engage in Collaborative and Strategic Partnerships
⦁ Utilize All Available & Applicable Cutting-edge & Technology

Core Activities

⦁ Advocacy
⦁ Education and Trainings
⦁ Consulting and Facilitation

The Big Challenge

Ghana has a population of over 34 million with an employment rate of about 41% and an unemployment rate near 6.8%. However, this leaves over 3.9 million Ghanaians (13% of our population) so poor they cannot afford three meals a day for themselves and their family; in rural areas it is higher. Many are struggling to survive less than $1.90 PPP (Purchasing Power Parity) (1) US per day. In Africa as a whole, the case is worse.

Alliance of Financial Literacy Organizations (AFLO)

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Welcome to your Some Questions to Ponder

1. 
. PAPERWORK In an emergency, could someone in your family quickly find your important papers— birth certificate, bank account records, health care directive, insurance policies, credit card records, will, etc.?

2. 
NET WORTH Do you know your current net worth and how you hold title to your various assets?

3. 
CASH FLOW MANAGEMENT Do you have enough cash available (in bank accounts or easily cashed securities) to cover yourself and your family for at least six months of no work?

4. 
BUDGET Do you and your family have a useful, written monthly budget?

5. 
EXPENSES Do you think you’ll be able to pay ‘all your bills’ on time every month for the next 12 months without a paycheck?

6. 
EMPLOYMENT BENEFITS Do you understand and, if appropriate, utilize all your employment benefits to your advantage?

7. 
GOALS Do you know what’s really important to you; and have you written your personal and financial goals for yourself and your family?

8. 
FINANCIAL INDEPENDENCE/RETIREMENT Do you know when you expect to be able to retire / become financially independent?

9. 
FINANCIAL INDEPENDENCE/RETIREMENT Do you know how much income & assets you will need to enjoy your retirement years; to live a quality life, including any special gifts or bequests to family, friends and nonprofits?

10. 
FINANCIAL INDEPENDENCE/RETIREMENT Have you calculated the amount of money required to reach your financial goals?

11. 
MAJOR EXPENDITURES - Have you thought about and made a list of major expenditures you can expect over the next five years and where the money will come from to pay for them?

12. 
INVESTMENTS - Do you think your current investment plan(s) will meet your retirement needs?

13. 
TAX DEFERRAL Do you think you are making the best use of tax-deferred investment plans for retirement?

14. 
TAXES Do you know the income tax rates on your last earned dollar?

15. 
INSURANCE / RISK MANAGEMENT Do you think you have the right amount of insurance— life, health, disability, long-term-care, auto, home/renter’s, fire/flood/earthquake, liability, etc.—not too little, but not too much?

16. 
ESTATE & GIFT PLANS Do you and your family have current wills?

17. 
POWER OF ATTORNEY Do you and your family have a current Power of Attorney?

18. 
ADVANCE HEALTH CARE DIRECTIVE Do you and your family have a current Advance Health Care Directive?

19. 
CHARITABLE GIVING Are your favorite causes or nonprofits included within your estate & gift plans for a bequest, planned gift, or as a primary or alternate beneficiary for life insurance or retirement plans?

20. 
TRUSTS Do you know the advantages and disadvantages of using trusts?

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