Cfle Africa

Two Thousand and Twenty One Impacts, Center for Financial Literacy Education Africa year under review

“Our activities in 2021 directly and indirectly touched not less than 2,021 people” — Mr. Peter Kwadwo Asare Nyarko, Executive Director – Center for Financial Literacy Education Africa.

Center for Financial Literacy Education Africa (www.cfleafrica.org) is significantly improving financial awareness and financial literacy education in Ghana, Africa and across the globe.

Message from the Executive Director

“2021 was a huge year for CFLE Africa –  not only for our team, but for all our strategic partners, volunteers, collaborators and stakeholders, who over the years have been supporting our mission and worked with us. Thank you for making our goal of raising communities of financial literates possible, and for being a part of this incredible mission. “Our activities in 2021 directly and indirectly touched not less than 2,021 people.” Our vision of an Africa in which all people are financially aware and financially literate is on course. Let’s do more in 2022!!!”

Year Under Review

After a crazy and wild 2020 that brought the beginning of a pandemic, a lot of uncertainty, and some unbelievable experiences, 2021 didn’t give us much of a break.

A lot of us was hoping we would return back to “normal” but it ended up being an acceptance of a different kind of normal.

As we tie the final bows on a more than eventful 2021, let’s take a look back at some of our incredible achievements from this year.

In March, 2021 we worked with University of Ghana Business School and The Financial Awareness Foundation (USA) to officially launched “The Improving Financial Awareness and Financial Literacy Movement in Ghana” (http://www.thefinancialawarenessfoundation.org/pdf/TFAF-TIFA-FLMovement-Ghana-ExecSum.pdf) and went ahead to declared and observed “April as Financial Literacy Month.” We (www.cfleafrica.org) helped established the first International Improving Financial Awareness and Financial Literacy Association at University of Ghana Business School (https://ugbs.ug.edu.gh/association).
The Movement (http://www.thefinancialawarenessfoundation.org/pdf/TFAF-Ghana-JoinTheMovement-PersonalFinKnowledge.pdf) in 2021 touched not less than 50,000 people directly and indirectly through our two campaign venues; April as Financial Literacy Month and October as Estate and Gift Planning Awareness Month.

We helped expand The Improving Financial Awareness and Financial Literacy Movement across Africa. Currently, we are in 6 African countries and still counting (https://www.home.thefinancialawarenessfoundation.org/pdf/TFAF-Africa-TIFA-FLM.pdf)… we are working with some of the great universities across the continent.

In partnership with The Financial Awareness Foundation (USA), we recently launched “The FA Youth Movement” to serve as a catalyst for intensive financial literacy education among young people across the globe in 2022.

In June 2021, we worked with Sage Financial Solutions to trained 20 Community Service Financial Literacy Advocates. These are young professionals who are passionate about social change initiatives and taking up an active leadership role in their various communities to champion the message of financial awareness and financial education. This was a 6 weeks intensive financial coaching training with project works.

In October, 2021 we launched Estate and Gift Planning Awareness Month Campaign to enlighten people on estate planning and giftings.

Other activities include Media Campaigns, Social Media Campaigns, Webinars and Seminars all geared towards creating massive financial awareness and financial literacy education.

That’s a wrap for 2021. But we can’t wait to share what next year has in store for us, our strategic partners, volunteers, collaborators and stakeholders. Until then, keep supporting our mission.

We believe a financially aware and a financially literate society is necessary to survive the global financial crisis and ensure stable economic growth.

We want to impact more lives in 2022. Make a gift towards our course;
https://cfleafrica.org/donate-to-support/

Some links and thoughts for your consideration:

https://www.home.thefinancialawarenessfoundation.org/pdf/TFAF-Africa-TIFA-FLM.pdf

https://home.thefinancialawarenessfoundation.org/pdf/TheMovementWorldWide.pdf

http://www.thefinancialawarenessfoundation.org/pdf/TFAF-TIFA-FLMovement-Ghana-ExecSum.pdf

http://www.thefinancialawarenessfoundation.org/pdf/TFAF-Ghana-JoinTheMovement-PersonalFinKnowledge.pdf

http://www.thefinancialawarenessfoundation.org/pdf/TFAF-Ghana-CreativeSolutions.pdf

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CFLE Africa

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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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