German Sparkassenstiftung educates young girls on financial literacy
THE German Sparkassenstiftung Western Africa (DSIK), in partnership with Konrad Adenauer Stiftung (KAS), has organised a financial literacy workshop for students of Accra Girls’ Senior High School.
The initiative, which formed part of the organisation's activities to mark this year’s World Savings Day, aimed at promoting the significance of savings as a way to reduce poverty, promote financial literacy, and educate people about saving and managing their finances.
Themed: “Savings: the gateway to future financial independence”, this year’s World Savings Day serves as a reminder of the importance of sound financial decision-making and habits that contribute to shaping a better future.
At the event, the Regional Coordinator of the German Sparkassenstiftung Western Africa, Kwang-Yung Jung, said DSIK has demonstrated its commitment to promoting access to the financial system, particularly savings, both globally and locally in Ghana.
He said the World Savings Day, celebrated on October 31 each year, highlighted the importance of saving and served as a global reminder that every penny saved today could lead to a more secure tomorrow.
“It is an opportunity to acknowledge the power of financial responsibility and planning. The act of saving is a testament to our commitment to creating a more stable and prosperous future for ourselves and generations to come,” he said.
Mr Jung further stressed the importance of savings among women, particularly at a young age, to promote financial literacy and gender equality.
He said: “When women are financially secure, they can actively participate in decision-making processes and lead change within their communities. Promoting savings among women is a step toward a more equitable world.”
For his part, Assistant Headmaster for Academics at Accra Girls SHS, Sebastian Adama, expressed his satisfaction with the programme in commemoration of World Savings Day.
He also expressed confidence that when students embrace the saving culture and apply the lessons from the programme by the German Sparkassenstiftung Western Africa (DSIK), their future will be exceptionally bright.
“The culture of saving requires discipline. Without self-discipline, saving becomes impossible—it demands sacrifice. For young individuals who often struggle to distinguish between their needs and wants, savings will mean they must forgo some things,” he added.