Stanbic Bank Ghana Limited has reiterated its resolve to drive financial inclusion among Ghanaians through innovative strategies like its ‘money app challenge’.
Launched about five months now, the apps challenge allowed contestants develop computer programs to help people better understand how to manage their money and achieve their financial goals.
10 finalists have since been shortlisted out of the 25 financial literacy app prototypes, built for Android and IOS platforms, submitted for the challenge.
The final winner is however expected to be declared on Wednesday [August 24, 2016].
Speaking to Citi Business News at the sidelines of an interactive review session with the judges, the Head of Marketing and Communications at the bank, Mawuko Afadzinu said the apps seeks to help Ghanaians to have better control of their money as they track expenses against revenue received.
“These concepts are going to enable the good people of this country the ability to better control their money, to be able to track, to be able to apply themselves and once we start doing that we will begin to prosper and will thrive in our own financial space plus our businesses also getting to thrive,”
He added, “That has a knock on effect on our society and on our economy. Ultimately, what we are doing here is a start of a wave, a wave of financial consciousness that we believe will drive the right financial decisions which would lead to prosperity individually and the economy at large.”
The judges explained that the selection of the ten finalists were based on conformity with financial literacy, creativity and originality of solution, viability of the concept, and thoroughness of the submitted materials in compliance with contest requirements.
The finalists are Easy Finance, Finance Now, FinTimes, Kasanoma, Kudify, Money Matrix, Sikapong, Stanbic Saver, Y2K, and Zealous.
The App Challenge, a national mobile app development competition, also forms part of Stanbic Bank’s Corporate Social Responsibility.
The prizes for the winners include; GH¢ 10,000, for the 1st Prize, GH¢ 5,000, for the 2nd Prize , GH¢ 3,000 for the 3rd Prize while the 4th to 10th Prize winners receive GH¢ 1,000.
In addition to the cash prizes, all ten finalists will receive goodies from Stanbic.
By: Norvan Acquah – Hayford/citibusinessnews.com/Ghana