Thursday, June 24, 2010

Weape: More financial training needed

Thursday, 24 June 2010 09:46


PEOPLE in Makira have enough money to earn and save but the problem is lack of knowledge on how to manage it.

Premier Thomas Weape said this during the Money Smart day in Kirakira early this week.

The day was organised by the Central Bank of Solomon Islands as part of its 34th anniversary of operations.

This year the team visited Kirakira and Buala.

The Money Smart Day in Kira involved financial literacy workshop and seminars to allow locals to manage their money and know to draw up a personal budget from the income they earn.

“We have a lot of people earning money but there is a problem,” Mr Weape said.

“They have money but they don’t know how to manage it because they don’t know how to manage that small money,” he said.

He said such training is important to allow rural people have a fair knowledge about how to save and manage the money they earn from selling their products.

The premier said that Makira expects business activities to boost once road and bridge which are currently being constructed are completed.

“Because they will be able to access market in Kirakira and Honiara,” he said.

Mr Weape acknowledged the role played by the Central Bank to reach out to the rural people and provide such financial literacy training.

[source: http://www.solomonstarnews.com/]

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