CEFI CONCLUDES FINANCIAL LITERACY TRAINING IN PORT MORESBY

BY RAYLEEN WANJIMAN

THE Center for Excellence in Financial Inclusion, or CEFI, has successfully concluded another branch training program at its Port Moresby branch today, with participants from different government agencies and private sector from different provinces also receiving certificates of completion.

Acting Assistant Executive Director for CEFI Peter Samuel said the training aims to strengthen financial knowledge, discipline and responsible money management among participants.

Samuel stressed that financial literacy is important because if money is not properly managed it can easily disappear.

Meanwhile, Chairman of the National Housing Commission and Board, Mr James Wong said government officers must undergo financial literacy training to support the government’s Reset 50 agenda.

He added that improving financial inclusion can help reduce poverty and contribute to economic growth if more people are brought into the formal banking system.

Wong who is also a participant, said initiatives such as CEFI’s training programs play an important role in empowering Papua New Guineans to better manage their finances and contribute positively to the country’s development.