Support Education Transformation – Minister of Education

450,000 Free Student Tablets ready for Distribution Next Week – Dr Yaw Adutwum

Dr. Yaw Osei Adutwum, the Minister of Education, has urged banks to play an active role in supporting the government’s efforts to modernize the education sector in Ghana.

Speaking at the launch of the 60th-anniversary celebration of the Chartered Institute of Bankers (CIB) in Accra, Dr. Adutwum emphasized the need for banks to allocate their corporate social responsibility (CSR) funds toward providing modern educational facilities and improving access to contemporary teaching and learning materials.

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The minister stressed the importance of transforming the education sector from traditional 19th-century methods to a 21st-century approach.

He acknowledged that some banks have previously supported school construction projects, but he called on them to increase their CSR contributions to align with the government’s ongoing education transformation agenda.

During the event, which centered on the theme “Redefining professionalism in banking through ethics,” the CIB took stock of its contributions to the development of the banking industry in Ghana. The anniversary also saw the unveiling of a new Chartered Banker for Excellence Leadership (CBEL) initiative for capacity-building.

Key figures present at the launch included Dr. Ernest Addison, the Governor of the Bank of Ghana (BoG); Kwabena Duffuor, a former Minister of Finance; John Awuah, the Chief Executive Officer (CEO) of the Ghana Association of Bankers (GAB); Benjamin Amenumey, the President of CIB; and Robert Dzato, the CEO of CIB.

Dr. Adutwum highlighted the importance of supporting the teaching of science, technology, engineering, and mathematics (STEM) in Ghana’s education system.

He emphasized that such support would nurture transformational leaders who could contribute to the nation’s growth and industrialization efforts. Additionally, the minister noted the significance of engineering skills in the banking sector.

Dr. Addison commended the CIB for its role in promoting professionalism in the banking industry in Ghana. He pointed out the challenges faced by the banking sector, with most banks reporting significant losses in their government bond holdings and other areas.

However, he also highlighted improved performance indicators in the first half of 2023, following regulatory interventions and consensus among industry stakeholders.

President Benjamin Amenumey acknowledged the institute’s remarkable history, emphasizing the sacrifices, challenges, and achievements over the past six decades.

He expressed the institute’s commitment to becoming the leading institute of excellence for professional banking education in Africa.

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