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Ghana to host 2017 World Tourism Forum

Ghana will host this year’s edition of the World Tourism Forum.

The event is a globally acclaimed one that draws various stakeholders in the tourism industry together to identify investment opportunities in the tourism industry.

Ghana’s opportunity to host is also part of moves to project the country’s tourism sector on the international scene.

It is also in partnership with the tourism ministry and the Ghana Investment Promotion Centre (GIPC).

The forum is slated for October 2017.

It also comes at a time that Ghana is advancing moves to position the tourism sector as a major foreign exchange earner.

In an interview with Citi Business News, Tourism Minister, Catherine Afeku said the forum will enhance investment opportunities for Ghana.

“There are a lot of investors coming for this summit; they will come into the country, they will see what is available and it will lead to investment opportunities. That is why we are partnering with GIPC. Our agencies will be here because most of them coming are also entrepreneurs looking for the next frontier,” she said.

Mrs Afeku added, “This is the next opportunity and Ghana is poised for that. Remember we are pro business and we are looking beyond aid, we want to build the private sector so this will give us the opportunity to build partnerships especially the business community to forge ahead to create jobs.”




Massive Education Needed To Reduce Financial Waste Among Ghanaians

Chief Executive officer of the Gold Coast Fund Management, Kwame Ofori Assumaning is advocating for financial literacy programmes to reduce what he says is financial waste among Ghanaians.

He holds the view a lack of education is making the average Ghanaian spend unnecessarily without investing.

Speaking to Goldstreet Business during a family day event organized by the Gold Coast Fund Management, Ofori Assumaning said teachings on financial literacy is the key to financial inclusion.

He explained “we have been around for 25 years. So what we need to do now is to educate and bring more financial literacy programmes so that people can manage their funds very well. We also need the right structure and the right environment, so that people will be investment conscious and invest more to cut down on financial waste.”

“There is a lot of waste in the system. The average Ghanaian has two phones spending so much on credit. People need to be educated on the skills and art of saving to help them grow their businesses and set more jobs for people to have financial freedom. Financial literacy leads to financial inclusion and that will lead to capital formation and then economic transformation,” Ofori Assumaning explained.

The programmes, he says, will also ensure financial inclusion following reports that 65 percent of the Ghanaian population is still unbanked.

Vice President Dr. Muhammadu Bawumia has begun a campaign to ensure that this population is included in the financial system and he has directed the Ghana Interpayment Settlement System, GhIPPS, to lead the way in the promotion of interoperability among banks and mobile money operators.

The company held its maiden Family Day event at the Lizzy sports complex to bring staff members and their families together to have fun and bond.

“We believe that our family must work together building relationships and bond. We are breaking from the normal hardworking back and forth. So we come together to have fun and at the same time know each other,” Ofori Assumaning stated.

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