The Independent (Kampala)

Uganda: BoU to Implement Financial Literacy Initiatives

Louis Kasekende, the deputy governor of the central bank of Uganda has said that the bank is in the process of implementing various initiatives towards financial inclusion, which, put in a simple way is about access to a full range of affordable financial services and information, in a secure and convenient manner.

"Due to the national character of these issues Bank of Uganda thought it necessary to spearhead the development and implementation of a strategy for financial literacy as an integral part of financial inclusion," Kasekende said at the Financial Literacy Workshop organised by Bank of Uganda at Hotel Africana on July 31.

He said that this approach will build on existing initiatives, reduce duplication, avoid unintended gaps, enable the different stakeholders learn from one another and provide focus and the basis for rationalisation of any available resources.

Kasekende said financial literacy programmes are avenues through which the population can become financially literate, empowered and equipped to make prudent choices on their personal resources.

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