News Latest Central Bank starts financial sensitization to public
Central Bank starts financial sensitization to public
Finance Minister Maria Kiwanuka advises traders the general public to be cautious when choosing the financial products they take.
She cites last year’s hike in bank loan interest rates amidst high inflation, which led to demonstrations by traders in Kampala.
Opening the Financial Literacy Workshop organised by Bank of Uganda, Kiwanuka reasons that if the traders had taken loan products that carry fixed interest rates, they would have mitigated the effects of the economic shock.
She also urged the banking sector to do sensitization to the masses be fore taking their products there, so as to realize maximum benefits.
The financial literacy programs will see banking and finance experts visit schools, youth and drama clubs, media houses, rural areas and workplaces.
BOU Deputy Governor Louis Kasekende says the program is aimed at empowering the population to make prudent choices on their personal finances.
She cites last year’s hike in bank loan interest rates amidst high inflation, which led to demonstrations by traders in Kampala.
Opening the Financial Literacy Workshop organised by Bank of Uganda, Kiwanuka reasons that if the traders had taken loan products that carry fixed interest rates, they would have mitigated the effects of the economic shock.
She also urged the banking sector to do sensitization to the masses be fore taking their products there, so as to realize maximum benefits.
The financial literacy programs will see banking and finance experts visit schools, youth and drama clubs, media houses, rural areas and workplaces.
BOU Deputy Governor Louis Kasekende says the program is aimed at empowering the population to make prudent choices on their personal finances.
Tuesday, 31 July 2012 15:05
