First National Bank assists Makola in developing money management skills

First National Bank Launches ‘Shika-Power’ Financial Literacy Initiative at Makola Market

The importance of financial literacy cannot be overstated, especially for small business owners and entrepreneurs. First National Bank’s ‘Shika-Power’ initiative is a commendable effort to empower market traders and shop owners with the necessary skills to manage their finances effectively.

In a recent training session at the Makola market in Accra, participants were equipped with practical knowledge on budgeting, record-keeping, cash flow management, and setting financial goals. These fundamental skills are essential for making informed decisions that can lead to long-term financial sustainability and growth.

The Head of Retail Banking at First National Bank, Akweley Laryea, emphasized the bank’s commitment to supporting local communities and driving economic development through financial empowerment. By investing in the financial education of market women and shop owners, the bank is not only helping individual entrepreneurs but also contributing to the overall economic resilience of communities.

The testimonials from participants like Madam Ayorkor Mensah highlight the positive impact of the ‘Shika-Power’ initiative. By gaining a better understanding of financial management, these traders can now make informed decisions, improve their financial health, and ultimately grow their businesses.

As the initiative expands to other markets in Accra, Kumasi, and Takoradi, more business owners will have the opportunity to benefit from this valuable training. With the right tools and knowledge, market traders and entrepreneurs can build a solid financial foundation, expand their businesses, and secure their financial future.

First National Bank’s ‘Shika-Power’ initiative is a step in the right direction towards empowering small business owners and fostering economic growth at the grassroots level. By equipping traders with essential financial skills, the bank is not only investing in the success of individual entrepreneurs but also in the prosperity of local communities as a whole.

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