Ghanaian Youth to Benefit from Financial Literacy Programs
The youth in Ghana will soon be beneficiaries of a financial literacy program that the National Trust Holding Company (NTHC) will introduce this year. The program is expected to reach more than half a million teenagers and young adults from the second cycle and tertiary institutions.
Many teenagers and young adults often lack knowledge about the full financial costs of decisions they make, and are exposed to poor examples of personal economics by parents who were not taught responsible financial practices.
NTHC has identified this and has taken steps to equip young Ghanaians with the confidence and knowledge they need to take control of their finances leading to financially secured adult lives. . The idea of the Program is to encourage the young Ghanaian to cultivate the habit of good financial choices and planning. This is because habits learned early on in life are entrenched for life.
In these times of market volatilities and an upsurge in get-rich-quick schemes, it is imperative for the youth to have good financial judgment and insight.
“We all go through key stages of life, schooling, marriage, building careers and retire. It is imperative that we plan, start small and meet commitments as they come. NTHC aims to drive this culture among the youth. Every stage of life comes with some financial commitment and therefore requires a financial plan. NTHC has 40 years of experience and we believe this is one way of achieving sustainable investment banking”, said Frank Apanka, the Acting Managing Director of NTHC.
The program will take the form of workshop modules employing practical, everyday examples to bring concepts to life, preparing students financially for life after high school and university. It will be run through-out the country, beginning in Accra, and is expected to take off in the 3rd quarter of this year.
As the company turns 40 years in 2016, they are determined to be more significant socially and help increase the number of people making sound financial decisions. The financial literacy program is in line with these plans.
Francis Apanka, Acting Managing Director of NTHC also said, “We are not just targeting people who can bring us huge sums of money for short term investments, we particularly targeting people who will painstakingly learn to build investments over a period of time. This is to expand on one of our fundamental tenets of growing investments on sustainability lines rather than just quick yield.”
The NTHC 40 year anniversary celebrations kick off Friday, 24th June 2016 with a launch and the commissioning of their new head office building at Ringway Estates.
National Trust Holding Company (NTHC) Limited is the pioneer of investment banking firms in Ghana. Over 40 years of its existence NTHC has played a leading role in developing the capital markets in Ghana; championing the establishment of the Ghana Stock Exchange (GSE), sponsoring many companies to list on the GSE, advising and managing the privatization of many state owned enterprises, establishing the first generation of stocik broking, registrar, and asset management businesses in Ghana and mobilizing long term funds for real estate development.