Sefwi juaboso: COMCA Ghana has successfully trained more than 400 members from Cooperatives and Village Savings and Loans Associations (VSLAs) as part of the first phase of its Financial Empowerment Programme. This initiative is under the International Labour Organisation’s (ILO) ACCEL Africa Project in the Sefwi Juaboso and Bia East districts in the Western North Region.
According to Ghana News Agency, the training focused on setting financial goals, making smart spending decisions, and creating and managing a budget. Participants were assisted in developing practical action plans to apply the knowledge gained, providing a framework for monitoring their progress over time. The sessions also addressed gender-based disparities in economic participation, emphasizing equitable access to resources and opportunities for all.
Mr. Devine Todzo, the Finance and Administrative Manager of COMCA Ghana, highlighted that this phase marks the beginning of a comprehensive financial capacity-building journey. Future phases aim to deepen participants’ knowledge and equip them with advanced skills to manage and grow their income streams. The training seeks to bridge financial literacy gaps that hinder individuals, particularly women, from effectively managing resources, making informed financial decisions, and improving well-being.
Trainees expressed appreciation for the initiative, acknowledging its relevance in financial management. Madam Juliana Konadu, a trainee from Kotosaa, noted, “I have realized the weaknesses in my spending decisions because I do not plan my finances or make budgets. With this training, I will begin to plan my finances and save towards my children’s education.”
