Ghana’s financial inclusion has experienced remarkable growth in recent years, surpassing expectations, according to the 2021 Financial Services Demand-Side Survey Report. The survey revealed that 96 percent of Ghana’s adult population now has access to financial services, exceeding the targeted 85 percent for 2023. Among the financial institutions making a significant impact in this area is CalBank Plc, which is dedicated to empowering Ghanaians to cultivate sustainable and healthy savings habits, ultimately leading to a financially secure lifestyle.
One initiative that exemplifies the Bank’s commitment to financial inclusion is the CalBank’s Snap Save Account, which provides competitive interest rates and empowering individuals to save. Aligned with SDG 1, it helps build financial resilience and contributes to the eradication of poverty.
The CalBank Snap Save specifically targets individuals who may not have access to traditional banking services, including market men and women, and even the unbanked population. It provides an opportunity for everyone to participate by saving as little as GHS 5. To get started, individuals must possess Ghana Card and be subscribed to any of the mobile network operators, must be operating a mobile money wallet, dial *771*1# on any network to register for the Snap Save account, and begin earning interest on their savings.
The solution has been designed to be inclusive and accessible to all Ghanaians, irrespective of their banking history or account status. It empowers individuals who may not have had the means or opportunity to save previously, enabling them to take control of their financial future.
By offering competitive interest rates and leveraging mobile networks, CalBank is breaking down barriers and providing opportunities for financial growth and inclusion.
Click here to sign onto the CalBank Snap Save: http://mytestcalbankweb.com/personal-banking/convenient-banking/calbank-snap-save/
