CFLE Africa is working closely with The Financial Awareness Foundation and other partners to improve financial awareness and financial literacy in Ghana and Africa by establishing The International Improving Financial Awareness & Financial Literacy Association and Research Centers at Universities.

The first FA Association has been successfully established in Ghana and is housed at The University of Ghana (UG), the premier university and the largest university in Ghana which was founded as the University College of the Gold Coast by Ordinance on August 11, 1948 for the purpose of providing and promoting university education, learning and research.

The Association’s mission is to significantly Improve Financial Awareness & Financial Literacy in Ghana. The envision a Ghana and a World where every person is well educated and has personal finance knowledge – an essential life skill – necessary to make lifelong informed financial decisions while having access to the right financial advice and the skills and tools to manage their finances. Providing everyone the opportunity to achieve and maintain their financial stability, security, and freedom throughout their lives, while they pass on their values, knowledge and assets to future generations to make their lives and this world a better place.

The Association was pioneered by CFLE Africa, The Financial Awareness Foundation and University of Ghana Business School led by Dr. Benjamin Amoah (a Bank and Financial Analyst, Lecturer within the Department of Finance) with other founding partners.

The Association Aims & Objectives are to;
⦁ Serve as a forum for member students, faculty, staff and alumina for the discussion of matters relating to financial awareness and financial literacy.
⦁ Foster close co-operation and brotherly relationship among Members of the Association.
⦁ Assist the financial service industry in promoting financial awareness and financial literacy in Ghana.
⦁ Organize lectures, symposia, picnics and fundraising to support the University of Ghana, and The Improving Financial Awareness & Financial Literacy Movement in Ghana, Student Scholarships, Faculty Grants, and other worthy causes.
⦁ Promote and maintain the spirit of friendship among members of The Association
The membership of The Association shall be open to all persons who are within the University of Ghana Community, and at this time there is no membership subscriptions or fees.

Preview of what we will be doing
⦁ Leadership role in The Improving Financial Awareness & Financial Literacy Movement in Ghana
⦁ Assist in developing and delivering Financial Awareness & Financial Literacy Curriculum Programs for all university students, faculty & staff, and alumni
⦁ Establishing The International Improving Financial Awareness & Financial Literacy Research Center at UG. This will provide ongoing longitudinal, technical & academic research to monitor The Movement and its advancements, make improvements where necessary, and provide political leadership with valuable economic insights
⦁ Initiate Professional Certification & Training Programs for financial service professionals.
⦁ Establishing Incubators / Accelerators to identify, assemble, create, and help launch and nurture / guide the successful growth of new and existing businesses.
⦁ Develop a Network of Volunteers and Ambassadors that support The Movement and efforts at the University and throughout the University Community.
⦁ Fundraising for UG & UGBS

To learn more about The International Improving Financial Awareness & Financial Literacy Association at The University of Ghana Business School and how you can become a member or strategic partner visit us at http://ugbs.ug.edu.gh/association

Work is ongoing to establish similar associations and research centers at other universities in Ghana and Africa.