UN advocate calls for financial health council in Ghana

Queen Máxima of the Netherlands, the UN Secretary-General’s Special Advocate for Financial Health, has called for Ghana to establish a Financial Health Council. This council would coordinate government and private sector actions aimed at improving the financial well-being of Ghanaians. She spoke in Accra at the joint inauguration of the Working Committee on the National Financial Inclusion and Development Strategy, which will develop a strategy for 2027 to 2031.

Queen Máxima stated that financial inclusion, while important, does not automatically lead to financial security or better livelihoods. She outlined four key components of financial health: managing daily finances, withstanding financial shocks, achieving long-term goals, and maintaining confidence in one's financial situation. Access to services like bank accounts, insurance, and pensions are part of this broader picture.

The committee is tasked with developing the strategy document for implementation between 2027 and 2031. Queen Máxima's call emphasizes that financial inclusion should serve as a means of achieving overall financial health and socio-economic development.

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