Bank of Uganda Staff has trained over 200 participants at Lira City Hall on financial literacy.

Among those who attended were the Police liaison officer of Lira CPS, Mr. Ojede Ziegler Boson, the Executive Director of Lango Resilience Foundation (LAREF), CDOs, among others.

The chairperson of the group, Mr. Obia Geoffrey, told journalists after the gathering that there was good support from Bank of Uganda towards the training.

William Bua, an executive member of the group, appreciated the members of the group and the Bank of Uganda for the wonderful cooperation being made to train farmers at the grassroots level in Lango sub-region.

Sam Atul, the Lira City mayor, urged the people of Lira to specialize in a special crop that can earn them more money than coffee growing in Western Uganda.

Mayor Atul applauded the Lira City Adoption Farmers Group for bringing the Bank of Uganda to train farmers on financial literacy, which is the first of its kind in Lira. He said the group has 40 committed and hard-working members from Lira.

Obia is expecting support from a group in China who will build a standard store for their product.

The biggest challenge, according to him, is the post-harvest handling in Northern Uganda.

Tilda Nabanja Turyagyenda, a staff of Bank of Uganda who was one of the facilitators, urged the farmers to be genuine, improve their skills, and use their money confidently, including saving and personal financial management. She encouraged them to be aware of all their money sources and spend their money wisely. She also advised them to start small, be consistent, and save as soon as they earn any money.

However, Bank of Uganda’s mission is to promote price stability and a sound financial system in support of socio-economic transformation.

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