The saving culture in Uganda remains very low despite the growing number of financial institutions in the country.
The Assistant Commissioner in charge of Private Schools at the Ministry of Education George Mutekanga blames the poor savings financial illiteracy and poor child upbringing.
It is against this background that the Ministry of Education in conjugation with Bank of Uganda have organized a National Primary Schools Essay Writing Competition 2016 under the theme “Why saving money is good”.
Mutekanga says this competition is meant to inculcate the saving culture right from the lowest level of education to help pupils appreciate the importance of putting some income away for future use.
The competition to be under taken during second school term of the year 2016 will involve Primary 5 to Primary 7 classes.
Mutekanga made the remarks while launching ceremony competition this morning at Kibuli Core Primary Teachers College in Kampala.
Story By Damalie Mukhaye