Ghana: Ecobank and JBA sign agreement to train journalists on financial sector issues

Mar 18, 2015

The bank will provide financial support to the JBA.

Ecobank Ghana Limited has partnered with the Journalists for Business Advocacy (JBA) to build the capacity of Ghanaian journalists.

The bank will provide financial support to the JBA to train journalists on how to report on issues affecting growth and development of the financial sector.

The support will also enable the media to further intensify their advocacy for small and medium-scale enterprises (SMEs) in the country, which account for 90 per cent of businesses and about 60 per cent of employment, Ecobank said.

"We want to develop journalists who will report on the financial sector with confidence", Managing Director of Ecobank Ghana Samuel Ashitey Adjei told The Chronicle.

The Ghanaian financial sector is considered stable and robust, benefiting from a number of financial reforms dating back to the 1990s. On average banks are well capitalised, above the 10 per cent of worldwide standard, according to the 2014 African Economic Outlook report from the African Development Bank.

The financial sector in Ghana is, however, shallow and it is characterised by persistent high non-performing loans. Access to credit is limited by the high lending interest rate of over 25 per cent.ADNFCR-2976-ID-801780120-ADNFCR