Africa-Press – Ghana. Fidelity Bank has held a training session on financial reporting for some Journalists within the Western Region.
This, knowledge session, spearheaded by the Fidelity Bank, an indigenous Bank with over 5000 active agencies and 75 branches would enable the journalists to sharpen their skills in terms of facts and figures in the money market to better interpret and create well informed communities.
The Journalists were taken through an overview of the banking sector, practical guide to interpreting financial statements for accurate reporting, the investment tools and how the money market operated, ethical reporting to enhance financial literacy and deepen understanding of the banking industry among Journalists.
The training is part of the Bank’s broader effort to foster stronger media engagement and build capacity in financial reporting.
Mr. Robert Dzato, the Chief Executive of the Chartered Institute of Bankers, took Journalists through the evolution of the banking industry in 1897 with the establishment of the standard chartered bank, Barclays, Gold Coast Bank-GCB and Bank of Ghana and the growth of the sector to the present day.
He said the sector had helped in financial discipline and given a sense of direction on savings and growing wealth.
Mr. Dzato said Banks served as financial intermediaries, credit creators, monetary policy transactions and payment settlement and thereby helping individuals, communities and businesses to have opportunity to financial advice, credit for development.
There are also development and investment banks to meet specific needs of society.
He called on Journalists to be ethical in churning out stories concerning the sector to restore more confidence after the banking sector crisis and the debt exchange programme.
He said: “trust is the currency-character, competence, conduct and regulations and for both the Journalists and us as bankers we need it most to entrench credibility and sustain our businesses.”
Madam Mimi Anane-Appiah, Business Development Manager, Fidelity Securities who took Journalists through some investment programmes urged the public to diversify, invest wisely and understand the market to appreciate the risk associated.
She said little but consistent steps were critical for growing wealth and encouraged everyone to plan very well to avoid old age poverty.
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