Dr. Adu Anane Antwi, Director General of Securities and Exchange Commission (SEC) has charged young students in the country to be highly motivated and committed in learning and practicing of investment so as to keep poverty forever at bay.
“Children should learn about investment, start early to keep poverty forever, it’ll be behind them” he stressed.
Dr. Antwi made the call at the launch of the 2nd edition of the Capital Market Quiz Competition for Senior High Schools at the GNAT Hall in Accra on Friday, July 15 2016.
The Capital Market Quiz Competition is a program initiated by Young Investors Network, a Ghanaian based NGO seeking to promote education and inculcation of the spirit of investment in students within the Senior High Schools in the country.
Since the inception of the first edition of the program in 2015, about thirty-two (32) Senior High Schools within the Greater Accra Region of the country have benefited with the formation of Investment clubs giving students’ the opportunity to invest towards their future.
According to the SEC boss, the rationale behind the formation of the Investment clubs in schools was to “catch the youth young at this very age to accept and bridge the concept of investment because investment leads to greatness, investment is the first step to fight poverty”.
“Investment is a culture and if you don’t inculcate this in the youth, it will be very difficult for them to take it up when they grow up” said Dr. Adu Anane Antwi.
The Director of the Financial Sector Division of the Ministry of Finance, Mrs. Magdalene Apenteng in her address highlighted the benefits of the capital market adding, she is convinced the program will be beneficial in assisting the youth to take control of their financial destiny.
Mrs. Apenteng lauded SEC, Young Investors Network and other relevant stakeholders in the industry for partnering with each other to inculcate financial knowledge into the youth in the country.
Meanwhile, Team Leader of the Young Investors Network, Mr. Joshua Mensah in an interview said, “Ghana’s economy can only grow if the youth are encouraged to save and invest at an early stage of their lives”.
He indicated the idea behind formation of Investment Clubs in Schools as well as the introduction of the 2nd Capital Market Quiz was as part of plans to eradicate poverty in Ghana and Africa as a whole , calling on the Ministry of Finance for assistance so as to reach out to all SHS in the country.
The Young Investors Network is a financial education development Organization that focuses on youth development in Ghana. The Organization has trained over 10,000 youths in Ghana on financial management skills since its inception seven (7) years ago. It has currently formed Investment Clubs in almost 32 Senior High Schools (SHS) within the Greater Accra Region of the country with the strong commitment to reach out to other SHS across the entire country.
The event was organized by the Young Investors Network in collaboration with SEC and was patronized by scores of SHS students and teachers drawn from some selected SHS in Accra including other stakeholders in the education sector in the country and some government officials.
Source: radioxyzonline.com/ Joseph Kobla Wemakor