Ghana: Aya Institute for Finance and Management launched to boost financial industry

Efforts to build skills and improve human capacity for the financial sector have received a boost with the launch of the Aya Institute for Finance and Management.

Aya Institute for Finance and Management, a non-profit international training center of excellence, was born out of a private partnership between German development cooperation and four private partners within the framework of the program of the German Federal Ministry for economic cooperation and development.

The other private partners are the Krapa Ghana Foundation, IPC, an international consulting firm, and two German software publishers specializing in e-learning and digital banking, Chemmedia and Quipu.

As part of the program, a five-member governance council was inaugurated to oversee the organization, namely Johanna Odonkor Svanikier, former ambassador to France and Portugal and chair of the governance council, Jim Reynolds Baiden, former chief executive of Fidelity Bank, DorteWeidig, IPC Partner Managing Director, John Maxwell Addo, Human Resources Professional, and Mareike Wolter, IPC Training and Skills Development Manager.

Speaking at the launch in Accra last Thursday, the executive director of the Aya Institute for Finance and Management, AbenaaKessewaa Brown, said the organization was established in September last year to help improve capabilities of future and current employees in the financial sector in Ghana. .

She said the vision of the Aya Institute is to be a catalyst for people development and ethical and inspirational leadership as well as socio-economic change across Africa.

Ms. Brown said that since the organization was founded 11 months ago, she had trained 400 people in the financial sector in 11 organisations.

These include Fidelity Bank, Petra Trust, The OmniGroup, Sinapi Aba Savings and Loans, absa, Dalex Finance and SIC Life.

The Executive Director said that the Ghanaian financial sector needs qualified and specialized personnel to increase its efficiency and remain competitive in a challenging and constantly changing market environment.

“We are excited to bring our unique learning experience to the financial services industry and all sectors of the Ghanaian economy, to help develop team skills and improve performance and productivity,” said Ms. Brown.

She said the Aya Institute offers technical and non-technical training in open and tailor-made programs covering 80 modules as well as job readiness modules.

Some of the modules mentioned by the Executive Director were Accounting, Audit and Compliance, Banking and Finance, Entrepreneurship, Human Resource Management and Leadership Skills.

Ms Brown said the Aya Institute introduced the Young Professionals Program to build graduates’ skills and prepare them for the financial job market, saying that to start with, 50 graduates would benefit from the program this year.

Sustainable Economic Development Manager, GIZ-Ghana, Gerald Guskowski, said some graduates lacked the soft and technical skills required by the job market.

“This is exactly why, together with our partners, we are introducing the Young Professionals Program to prepare young graduates for the job market,” she said.

“Bridging the employability gap and the mismatch between the industry’s high demand for skilled personnel and the many university graduates seeking employment, which are very critical to the growth of the financial sector,” Mr. Guskowski.

Doris Bloniarz, Regional Director of IPC GmbH, said the Institute would help develop the right skills and attitudes for those involved in the financial sector.

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