afb Ghana Injects $10m Into Education Sector
One of the leading financial institutions in the country, afb Ghana, has launched an Education Solution to support the players in the educational sector of the country.
The new solution was launched in collaboration with the Ghana National Association of Private schools (GNAPS) during its education week celebrations in Accra.
The solution, designed to address the respective needs of schools, teaching and non-teaching staff and even suppliers, who conduct various businesses with the educational institutions, will range from asset financing, project financing to personal loans.
Speaking at the launch, Director of Education – Pre Tertiary Institutions, Catherine Appiah-Penkra, said the education of the citizenry remains a critical agenda of government.
One of the deepest concerns is the collaboration of the private sector to support this agenda. I will commend afb Ghana for this move and encourage other players within the financial services landscape to join the cause to enhance the quality of education in Ghana.
“It is my hope that with the provision of this support, owners and management of schools and other players within the value chain will take advantage it, as well as meet their obligations in a timely manner to make this solution sustainable.”
Arnold Parker, Managing Director of afb Ghana said: “this year, we are committed to supporting the education sector with a 10 million dollar fund to finance school projects, assets acquisition and personal loans for all parties within Ghana's educational system.”
He added, “I am confident that this solution will help to improve Ghanaian lives, as it ensures access to good quality education, which is a key agenda for the government of Ghana.”
James Abuyeh, Head of Financial Inclusion at afb, also added that “the move to launch this solution has come as a result of the insufficient financial support to players within the education ecosystem.”
He mentioned 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.”