Women in Forex Ghana in partnership with Geldex Invest, Lolyfx and Blooming Trading Limited, has launched an ‘Elevate Ghana Charity Ball’ programme as part of its initiative to train over ten thousand (10,000) youths in digital finance by 2030 and to raise funds for other charity programmes.
In the intervening time, the President of Women in Forex Trading Ghana, Ms Gifty Annor Sika Asantewah, disclosed that the training will introduce students across three selected tertiary institutions in the country to forex trade, equip them with the basic skills and develop their interest in the market which could serve as a part-time job for them while in school.
Three public and private universities have been selected to benefit from the free forex trading (digital finance) programme this year under the Elevate Ghana Forex Project. The beneficiary universities include: the University of Ghana (UG), University of Cape Coast (UCC) and Valley View University (VVU). One thousand students (1,000) are expected to be trained in this year from these tertiary institutions and three other identified regions namely: Volta, Eastern and Northern.
The Youths to Take Advantage of the Industry
“The forex market is very liquid and is currently the most liquid financial sector in the world. Last year, it had $1.26 quadrillion revenue and in daily volumes it had $1.6 trillion. If the whole of Ghana decides to trade in the digital market, all things being equal, everyone will earn $2,000 daily.
“This is how much liquid the trade is and it is an advantage for the unemployed graduates. Sometimes, people come into this space and because they want quick money, they do not learn the trade well and end up losing their money to fraudsters and then complain that digital finance is a scam.”
- Ms Gifty Annor Sika
Ms Gifty Annor Sika averred that Forex trading is extremely tough and needs great mental qualities such as patience, discipline, perseverance, to name a few to be consistently profitable. As such, she noted that the Elevate Ghana Forex Project will offer great trading tools that will help the participating youth to improve their trading knowledge to become better traders. As a result, she opined that “tertiary students are better positioned to comprehend the process and learn the trade faster, hence the decision to involve them.”
The Forex guru explained that the participants will be taught to master over 3 emotions namely: Fear, Greed and Hope. She emphasized that these skills can only be mastered through years of experience trading in market for years in all conditions and learning from the experienced traders. She thus, indicated that experienced traders and experts will be engaged to train the participants.
Ms Annor Asantewah noted that the proceeds from the programme will be donated to three charity organisations which consist of Maternal Right Ghana, Menarche Pad a Girl Project, and Coverme Worldwide.
The Mayor of Capital Garden City of Belmopan Belize in Central America, Sheron Palacio, who was the guest of honour at the event, commended the organisers for supporting women empowerment.