Accra, April 1, GNA – Ecobank Ghana has introduced a range of financial services designed specifically to assist educational institutions, underscoring their dedication to fostering development and ensuring long-term stability within this sector.
At a seminar held at the Ecobank Main Office with the theme “Creating Enduring Educational Institutions,” Mrs. Charlotte Amanquah, who leads Commercial Banking for the region, discussed the wide range of services offered by the bank aimed at meeting the financial requirements of educational establishments and organizations.
The recently launched offerings encompass smooth payment systems designed for issuing salaries, handling vendor transactions, and managing statutory payments.
Moreover, the bank has created specialized platforms designed to simplify school fee collection processes, thereby boosting operational efficiencies in finance management.
Mrs. Amanquah highlighted the accessibility of various financial assistance programs, such as loans for assets and capital spending aimed at expanding schools. Additionally, she mentioned sustainability finance options designed to enhance energy efficiency. Among these efforts are funds allocated specifically for electric vehicles, which assist educational institutions in minimizing their ecological impact.
In addition to providing financial aid, Ecobank is also giving non-monetary help through various means like workshops, online sessions, career counseling, mentorship programs, coaching clinics, and chances to network specifically tailored for educational institutions and their students.
“We acknowledge our responsibility extends past conventional banking practices. Education serves as the cornerstone for advancement, and we are dedicated to backing educational institutions because this effort resonates with our aim to foster enduring change,” said Mrs. Amanquah.
She highlighted Ecobank’s ten-year commitment to comprehending and tackling the specific financial issues faced by educational institutions, guaranteeing that their solutions stay pertinent and flexible.
She motivated those involved in education to participate in profound dialogues, investigate novel approaches, and form collaborations aimed at constructing robust educational organizations.
“Collectively, we can build a world where knowledge flourishes, potentials are fulfilled, and upcoming generations are prepared to lead with wisdom, compassion, and honesty,” she said additionally.
Various participants at the seminar underscored the significance of sustainable educational administration.
Mrs. Lydia Anno, who founded and runs McCarthy Hills School, encouraged those with schools to explore innovative ways to generate income apart from just charging tuition fees. She suggested looking into areas like transportation services, school uniform production, and meal provision programs.
She highlighted the importance of institutions finding a equilibrium between maintaining financial stability and ensuring the welfare of both students and employees.
Dr. Charles Badu Yeboah, who leads International Community Schools as its Managing Director, pointed out that around the world, numerous enterprises faltered during their initial ten years. He emphasized the critical role of perseverance, collaboration, and prudent fiscal strategy for schools and similar organizations.
Professor Emeritus Stephen Adei, who helped establish Ghana Christian International High School, has urged for enhanced partnerships among educational institutions, former students, and families to support sustained growth of these organizations.
He encouraged school leaders to focus on building strong connections with both educators and parents, acknowledging their importance in maintaining enduring educational traditions.
The seminar ended with an appeal for collective accountability amongst all parties involved to guarantee the sustained advancement and influence of educational institutions in Ghana.
Thanks to Ecobank’s dedication to providing financial and developmental assistance, educational institutions now possess the tools needed to improve their functioning and secure long-term viability.
GNA
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