What is Currency? Currency is defined as a monetary system that is widely used in a specific country, region, or state. Various countries have distinct currencies. The value of a country’s currency directly influences the state of the economy. Due to the existence of interdependence and trade, it is also
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Tagged as: Financial Literacy
HARNESSING THE RISING TIDE OF DIGITAL FINANCE
Introduction The Middle East and African Summit inclusive by the Milken Institute focused on leveraging the rapid growth and adoption of digital financial technologies to create meaningful economic and social benefits. Middle East Summit’s Focus Over the past hours, policymakers, entrepreneurs, investors, corporates, and foundations gathered in Abu Dhabi
FINANCIAL EDUCATION: Essential Skill for Prosperity and Economic Stability
Introduction In the age of information and economic complexity, financial education emerges as an essential pillar for individual and collective well-being. Knowing how to manage your personal finances is not only a useful tool, but crucial in a world where economic stability is increasingly uncertain. With it, you can avoid
Financial Literacy: Promoting Financial Literacy Among Youth in Sierra Leone
Introduction: Financial literacy is a critical skill for managing personal finances and making informed economic decisions. In Sierra Leone, promoting financial literacy among youth is essential for fostering economic stability and growth. This article explores the importance of financial literacy, current initiatives, and recommendations for further promotion. The Importance of
FINANCIAL LITERACY AND PERSONAL FINANCIAL SUCCESS: The Role of Financial Education on Personal Financial Success
Introduction Financial literacy is a crucial component of Total Quality Management (TQM), significantly influencing personal financial success. It encompasses the ability to understand and apply financial skills, empowering individuals to make informed decisions about budgeting, saving, investing, and managing debt. Enhancing Decision-Making One primary benefit of financial literacy is its
Crowdfunding business literacy education amongst female-owned businesses in Ghana
Introduction Ghana boasts a thriving entrepreneurial spirit, with a significant portion driven by female-owned businesses. However, many women lack the business literacy skills needed to navigate the complexities of running a successful enterprise. Crowdfunding offers a unique opportunity to bridge this gap and empower Ghanaian women to reach their full
FINANCIAL LITERACY: HOW CAN ONE BECOME FINANCIALLY LITERATE?
Introduction Financial literacy is defined as the ability to understand and effectively use various financial skills which include personal financial management, budgeting and investing. This article will look at the principles of financial literacy, the importance of being financially literate and how one can become financially literate. What are the
THE PONZI PYRAMID: AN ILLUSIONARY CONSTRUCTION INVESTMENT
Introduction The Ponzi scheme! Ponzi scheme?! Hearing this group of words, one could either think of the famous pyramids erected by the kings of Egyptian civilization during antiquity and that Ponzi is a king of this distant and extinct civilization; or believe that the Ponzi pyramid is a complex geometric
FINANCIAL LITERACY AS A PATHWAY TO IMPROVE EFFECTIVENESS OF FINANCIAL SERVICE IN AFRICA
Introduction is a global trend which plays a vital role with substantial impact in economic development particularly in improvement of access to financial service. With this respect, financial technology has become a main target for effective financial literacy among the rural households in Africa. The augmentation of financial literacy due
Equipping African Youth for Education and Financial Success through Financial Literacy
Introduction In today’s rapidly changing world, education is the cornerstone of progress, and Africa’s youth are poised to shape the continent’s future. However, education extends beyond textbooks and classrooms. Empowering young Africans with financial literacy is an essential step towards ensuring their educational success and fostering a bright future. This