Friday, May 17, 2024
Friday, May 17, 2024
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Gov’t should prioritize financial literacy among youth – UG Lecturer

Dr. Godfred Amewu, a lecturer at the University of Ghana Business School’s Department of Finance, has emphasized the urgent need for the government to prioritize raising awareness about investments and retirement planning among the nation’s youth.

His call to action stems from the concerning reality that only a small fraction of young individuals possess sufficient knowledge of financial literacy and grasp the importance of saving for their future financial security.

Speaking at the Maxwell Investments Group Business Forum, held on Thursday, April 25th, 2024, at the British Council Auditorium in Accra, Dr. Amewu addressed attendees on the crucial topic of ‘The Impact of Financial Literacy in Post-Retirement Financial Security’.

During his address, Dr. Godfred Amewu emphasized the crucial need to incorporate financial literacy and investment education into the established educational curriculum, stressing its significance for the holistic development of young individuals.

Dr. Amewu raised vital inquiries about the effectiveness of ongoing endeavors to foster financial awareness among the youth, advocating for a more intentional and all-encompassing strategy to address this pressing societal need.

“Is it that we are failing to increase the power of the adherent right from the beginning? Or could it be that we are not deliberate about raising that awareness within the younger age group? And it’s a serious issue. And I’m very happy this team is trying to bring this to the table,” Dr. Amewu remarked.

Expressing his hope for broader stakeholder involvement, Dr. Amewu stressed the importance of collaborative efforts to ensure the incorporation of financial literacy into academia and educational curricula.

The Maxwell Investments Group Business Forum served as a platform for highlighting the critical role of financial literacy in securing post-retirement financial security and spurred discussions on practical strategies to address the existing gaps in financial education among the youth.

ABOUT MAXWELL INVESTMENTS GROUP

The strategic goals of Maxwell Investments Group (MIG) are intertwined with the broader development visions championed by the African Union’s Agenda 2063 and the United Nations’ Sustainable Development Goals (SDGs).

MIG acknowledges that to enact significant change, our objectives must harmonise with these universal benchmarks aimed at fostering sustainable growth and eradicating poverty.

Our investments in key sectors such as food security, education, healthcare, housing, and sustainable employment reflect our commitment to several of the SDGs, including Zero Hunger (SDG 2), Quality Education (SDG 4), Good Health and Well-being (SDG 3), Sustainable Cities and Communities (SDG 11), and Decent Work and Economic Growth (SDG 8).

Likewise, MIG’s agenda echoes the aspirations of AU’s Agenda 2063, particularly Aspiration 1 (A prosperous Africa based on inclusive growth and sustainable development) and Aspiration 6 (An Africa whose development is people-driven, relying on the potential of African people, especially its women and youth, and caring for children).

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