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WIF targets $5,000 for deprived communities
By Julius K. SATSI, Accra The Women in Forex (WIF) Ghana with its partners have expressed optimism towards raising US$ 5,000 to support the needy in deprived communities through its Elevate Ghana Forex project. The fund, raised through benevolent individuals, will help train 1,000 youth in Forex through the “Elevate Ghana Forex” project and support the needy in deprived communities across the country. The Elevate Ghana Forex project is the initiative of the WIF Ghana to educate young people in forex trading and help alleviate unemployment and poverty. The Founder and President of WIF Ghana, Madam Annor-Sika Asantewah disclosed this during the maiden charity ball held in Accra at the weekend. She said the fund, which is expected to be generated from February to September, would be disbursed through a project and two non-governmental organisations (NGOs) to help the deprived communities She said the funds raised would be disbursed through Menarche-Pad a Girl project to help alleviate menstrual poverty – a situation where girls practice poor hygiene during menstruation. The two NGOs include Cover Me Worldwide to help children gain skills in reading ability and Maternal Right Ghana to help women and children during child delivery. Madam Asantewah urged benevolent individuals to donate towards the fund, which would help most youth out of employment through free forex trading for the 1,000 youths, targeted in three universities across the country – University of Cape Coast, Valley View University and the University of Ghana. She said the organisation intends to send the “Elevate Ghana Forex” project to the Volta, Northern, and Eastern regions. She said calls had come to extend to the Ahafo region, which it would consider in subsequent years since the project is an annual one. The Mayor of Belmopan in Belize, Central America, Her Worship Mayor Sheran Palacio, who graced the occasion, urged Ghanaians not to abandon trades and traditions of the older generation in the quest to go after modernity. She said Ghanaians and Africans must not relent on tilling the soil as it hungers to give humanity its produce As the first female Mayor in her country, she advised young females to take education seriously because it has the power to transform their lives, opening them to the numerous opportunities that exist. The Chief Executive of Loly Fx, Ms Ruth Ofori said: “forex trading is not for the faint-hearted” but was quick to add that it is the aim of the Elevate Ghana Forex project to help the youth to gain a fundamental understanding of the forex market. Ms Ofori, who is a Forex facilitator with the project said, many Ghanaians are now getting to know and appreciate the dynamics of forex trading, unlike previous years. She said: “People are broadening their horizon on forex trading and trying to know what it entails and how they can go about to make some money.”
1,000 Youth to train in digital finance
Three public and private universities have been selected to benefit from a free forex trading (digital finance) programme this year under the Elevate Ghana Forex Project. The beneficiary universities are the University of Ghana (UG), University of Cape Coast (UCC) and Valley View University (VVU). It seeks to train 1,000 youth in digital finance from these tertiary institutions and three other identified regions The training, an initiative of Women in Forex (FX) Trading Ghana, is aimed at introducing students 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. The charity ball The Founder of the Women in Forex Trading Ghana, Ms Gifty Annor Sika, made this known at a charity ball and dinner held in Accra last Sunday. The event was organised by Forex Ghana, in collaboration with LolyFX and Blooming Trading Limited, to raise funds for charity projects The proceeds are expected to be donated to three charity organisations which consist of Maternal Right Ghana, Menarche Pad a Girl Project, and Coverme Worldwide Ms Sika said digital finance was quite a complex space that required some level of education and intelligence to manoeuvre. As a result, she said tertiary students were better positioned to comprehend the process and learn the trade faster, hence the decision to involve them She noted that this year, the Elevate Project which had an objective of training more than 1,000 youth across the country, had selected those three universities as well as three other regions -Volta, Eastern and Northern as beneficiaries. “The project’s main objectives are aligned with the Sustainable Development Goals (SDGs) and this year as we seek to reduce the inequality gap, we are training 1,000 youth across three regions and three universities as well as some national service personnel. Basically, our idea is to teach, create value and give back to charity,” she said. The project The project aims to bring to bear the enormous career and financial opportunities the sector bestows. “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, she said. “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.” Women empowerment 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. She said she was also excited to see Accra appoint a female mayor for the first time.
Three public universities to benefit from FX trading programme
The Founder of Women in Forex (FX) Trading-Ghana, Gifty Annor Sika, has indicated that under the ‘Elevate Ghana Forex Project’ the University of Ghana, University of Cape Coast (UCC) and Valley View University have been selected to benefit from a free forex trading programme this year. The training programme is aimed at introducing the students to the FX trade, equipping them with basic skills and developing their interest in this very lucrative niche market which could serve as a side-job for them even while in school. According to her, FX trading is quite a complex space that requires some level of education and intelligence to manoeuvre. Therefore, tertiary students are better-positioned to comprehend the process and learn the trade faster; hence the decision to involve them. In addition, she emphasised that this year the Elevate Project – which has an objective of training more than 1,000 youth across the country – has selected these three universities as well as three other regions, Volta, Eastern and Northern, as beneficiaries. “The Elevate Ghana Forex Project’s main objectives are aligned with the Sustainable Development Goals (SDGs), and this year as we seek to reduce the inequality gap we are training 1,000 youth across three regions and three universities, as well as some national service personnel. Basically, our idea is to teach, create value and give back to charity,” she said. The Elevate project is the first-ever forex trade training exercise put together in this country to demystify myths about the forex market and digital finance sector as a whole. It also aims at bringing to hand the enormous career and financial opportunities the sector bestows. Touching on the FX market’s worth and opportunities, she said: “The forex market is very liquid and is currently the most liquid financial sector in the world. Last year, it had US$1.26quadrillion revenue and in daily volumes it had US$1.6trillion. If the whole Ghana decided to trade in the FX market, all things being equal everyone would earn US$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 so end up losing their money to fraudsters and then complain that FX is a scam.” She made these remarks at the inaugural ‘Love in the market’ charity ball and dinner, organised by Forex GH in collaboration with LolyFX and Blooming Trading Limited to raise funds for charity projects. The proceeds will be donated to three charity organisations – Maternal Right Ghana, Menarche Pad a Girl Project, and Coverme Worldwide. Speaking as the guest of honour, Mayor, Capital Garden City of Belmopan Belize, Central America, Her Worship Mayor Sheron Palacio, commended the organizers for having women empowerment at heart, adding that she is very excited to see Accra appoint a female mayor for the first time. “I always say that Africa is my home and any time I come to Africa I feel at home. I am calling on all Africans around the world to make the effort to always visit home and help in development of the continent. Women and girls in Africa need empowerment to unearth their talent and do great things,” she said. Furthermore, she touched on her upcoming conference – the ‘She for She Champions World Summit’ – which aims at bridging the gender equality gap, in line with the Sustainable Development Goals (SDG-five). ding (digital finance) programme this year under the Elevate Ghana Forex Project. The beneficiary universities are the University of Ghana (UG), University of Cape Coast (UCC) and Valley View University (VVU). It seeks to train 1,000 youth in digital finance from these tertiary institutions and three other identified regions The training, an initiative of Women in Forex (FX) Trading Ghana, is aimed at introducing students 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. The charity ball The Founder of the Women in Forex Trading Ghana, Ms Gifty Annor Sika, made this known at a charity ball and dinner held in Accra last Sunday. The event was organised by Forex Ghana, in collaboration with LolyFX and Blooming Trading Limited, to raise funds for charity projects The proceeds are expected to be donated to three charity organisations which consist of Maternal Right Ghana, Menarche Pad a Girl Project, and Coverme Worldwide Ms Sika said digital finance was quite a complex space that required some level of education and intelligence to manoeuvre. As a result, she said tertiary students were better positioned to comprehend the process and learn the trade faster, hence the decision to involve them She noted that this year, the Elevate Project which had an objective of training more than 1,000 youth across the country, had selected those three universities as well as three other regions -Volta, Eastern and Northern as beneficiaries. “The project’s main objectives are aligned with the Sustainable Development Goals (SDGs) and this year as we seek to reduce the inequality gap, we are training 1,000 youth across three regions and three universities as well as some national service personnel. Basically, our idea is to teach, create value and give back to charity,” she said. The project The project aims to bring to bear the enormous career and financial opportunities the sector bestows. “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, she said. “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
Training 1,000 Youth In Digital Finance For Free
The financial market globally has seen one of the most dramatic changes in regards to the insurgence of technology over the past decade after the last financial depression in 2009. The global market is currently seen to have opened up to digitalisation, thus opening up to everybody to play fair as compared to in the 70’s when it was just governments and big financial institutions which could indulge in it. The adaptation of these new innovation and technologies on the market has not been very smooth as governments all over the world are still adjusting to the pros and cons of these developments. The African economy is suffering the most as it’s struggling to keep up with these innovations due to lack of proper systems to back these technologies and support such innovations. It is paramount to emphasize that the next decade would have the world running on robotics and automations, making human labour force a thing of the past. Banks in Africa are fast moving onto the online banking systems, applications that are removing the need for customers presence at banking halls. The digital economy has become the new norm and at a disadvantage to the Labour force. FOREX Trading, a non starter for most Government undoubtedly stands out to be a growing interest in the African financial economy currently. As a digital financial instrument, the sector possess enormous amount of career and financial opportunities. The African youth is gradually gearing towards an alternative career path looking at the unemployment situations in the region. Appropriately, 15% of the 1.26billion population of Africans is said to be engaged in the digital financial market, a current report by Forbes indicated Africa’s adoption of bitcoin (cryptocurrency) is the highest globally with Nigeria leading the chart, an intriguing data that needs further survey. Ghana’s Security and Exchange commission and the Bank of Ghana have acknowledged the importance of these digital innovations especially the blockchain technology . An article released by Bank of Ghana indicated its interest in the blockchain technology and its preparedness to adopt the technology to improve the nation’s payment systems. They also buttressed this point by promising to make currency trading their priority. Ghana currently is among the African countries with plans of introducing a digital e-coin to back it fiat currency CEDI to stability and to properly compete on the global market, a step in a right direction. As the country’s economy is opening up to new innovations, there is the need for the Labour force to meet this opportunity with the relevant technical know how and preparedness in the digital financial market. It is in this light that the WOMEN IN FOREX GHANA, a team of financial market trading experts and analysts is collaborating with other Forex brands such as Lolyfx, African financial Traders organisation and Geldex Invest to put together educational conferences and trainings to introduce 1,000 youth in online trading : The trainings are going to be done across the regions, the 1st training session commences in February dubbed: LOVE IN THE MARKET SERIES. This is a 2day lecture with a charity ball that targets to donate to 3 charity organisations namely: Maternalright Ghana, Menarche-Pad a girl project, Coverme worldwide. Geldex Invest, and indigenous brokerage firm located in Accra that is pioneering the use of the local currency Cedi is the main sponsor of this training. Women in Forex Ghana with these collaborations aims at raising professional online traders and transparency standards on the financial market. The organisation hopes this serves as the beginning of great impact on our unemployment situation and encouragement for upcoming/enthusiastic financial experts to work prudently The overall objective of this project aligns with the goals of the United nation’s Sustainable development Goals(SDGs):Education,employment, empowerment, poverty eradication etc. The financial market globally has shifted from the traditional commerce to ecommerce and it’s about time that our education follow suit. We have no other choice but to change our money Game
