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A leading financial service company in Ghana, afb Ghana, has launched a 10-million-dollar initiative christened “Education Solution” fund to finance school projects, assets acquisition including personal loans for all stakeholders within the country’s education space.
The initiative which is opened exclusively to private schools was launched recently in collaboration with the Ghana National Association of Private Schools (GNAPS) during its education week celebration in Accra.
The “Education Solution”, is designed to address the needs of schools, teaching and non-teaching staff, including suppliers who conduct various business with the educational institutions will range from asset financing, project financing to personal loans.
Speaking at the launch, Mrs. Catherine Appiah-Penkra, a Director at Ghana Education Service in charge of Pre Tertiary said the education of the citizenry remains a critical agenda of Government.
She commended afb Ghana for championing the education initiative and encouraged other players within the financial service landscape to join what she described as “a good course” to enhance the quality of education in Ghana.
Mrs. Appiah-Penkra said “It is my hope that with this support, owners and management of schools including other players within the value chain will take advantage as well as meet their obligations in a timely manner to make this solution sustainable.”
Mr. Arnold Parker, the Managing Director of afb Ghana was confident that the “Education Solution” would help improve Ghanaian lives as it ensures access to good quality education which he adds is a key agenda for the government of Ghana.
Mr. James Abuyeh, the Head of Financial Inclusion at afb explained that the decision to launch “Education Solution” has come as a result of the insufficient financial support to players within the education ecosystem.”
He stated that “products from financial institutions are often designed to focus on supporting other sectors with little attention to the education ecosystem which also requires equal attention. The introduction of this solution underpins our vision to foster financial inclusion.”
Source: Adovor Nutifafa