Ecobank Champions Dialogue on Enhancing Sustainability in Ghana’s Education Sector—–Education is not just about classrooms and textbooks—it’s about shaping the future of a nation. With this vision in mind, Ecobank Ghana has reaffirmed its commitment to strengthening the education sector by providing tailored financial solutions and strategic partnerships to help schools thrive.
Speaking at the Ecobank Education Sector Seminar, Mrs. Charlotte Amanquah, Regional Head of Commercial Banking at Ecobank Ghana Limited, emphasized that education is the foundation of national development. She stressed that the seminar’s theme, “Building Lasting Educational Institutions,” was a call to action for stakeholders to work together in strengthening Ghana’s educational landscape.
“Education is the most powerful weapon which you can use to change the world,” Mrs. Amanquah quoted Nelson Mandela, highlighting Ecobank’s belief that investing in education is an investment in Ghana’s future. She noted that beyond banking, Ecobank sees itself as a partner in development, actively working with schools, universities, and policymakers to enhance education through financial and non-financial support.
Insights from Industry Experts
The seminar brought together key figures in the education sector to share experiences and best practices. The speakers provided valuable insights on building resilient and impactful educational institutions, reinforcing the importance of collaboration between financial institutions and educators.
Prof. Stephen Adei on Institutional Longevity and Financial Sustainability
Professor Emeritus Stephen Adei, Executive Chairman of the Ghana Christian International High School, stressed the importance of institutions maintaining a clear vision of the type of student they want to produce. He explained that this vision must shape every aspect of an institution’s culture, discipline, and financial planning.
“If you are going to last as an institution, you must always have your product in view. And here, we are talking about the student. What kind of student do you want to produce? That will inform everything you do.”
Prof. Adei explained how the Ghana Christian International High School maintains a strong institutional culture rooted in Christian values. Parents who enroll their children must agree to the school’s faith-based principles, ensuring alignment between the school’s vision and the expectations of families.
On financial sustainability, he shared how his institution learned key lessons during the COVID-19 pandemic, recognizing the need to always have reserves to sustain operations for at least six months. He also emphasized that integrity in leadership is crucial for securing financial support.
“Integrity pays in the long run. When we moved to Dodowa, Barclays Bank gave me $900,000 on my signature alone—no collateral. Why? Because they believed in my integrity.”
He urged school administrators to adopt financial models that ensure long-term sustainability, including setting realistic fees, creating endowments, and maintaining financial discipline to withstand economic shocks.
Mrs. Lydia Anno on Inclusive Education and Business Growth
Mrs. Lydia Anno, Founder and Director of The McCarthy Hill School, shared her experience in building an inclusive school that caters to children with diverse learning needs. She explained that her school was established to provide an alternative learning environment for students who struggle in traditional systems.
“We wanted a school big enough to provide a range of resources but small enough to meet individual needs. We accept children with learning difficulties—autism, ADHD, Down syndrome—because every child deserves a chance to thrive.”
She stressed the importance of hands-on learning, explaining how her school incorporates activities like gardening and animal care to give students practical life experiences.
“We have a petting zoo and a garden where students raise animals and plants as part of their education. These activities teach responsibility and problem-solving skills beyond the classroom.”
On financial sustainability, Mrs Anno noted that while tuition fees form the bulk of the school’s revenue, their priority has always been creating a space where every child can succeed, rather than focusing solely on profits.
“We didn’t start the school as a business venture. Our main goal was to provide a supportive environment where children could thrive. That philosophy has guided our growth.”
The seminar reinforced the importance of vision, integrity, and financial planning in building lasting educational institutions.
Last Updated on April 7, 2025 by Senel Media
