Department of Finance and CESED Organise Financial Literacy for Traders

The Department of Finance and the Centre for Entrepreneurship and Small Enterprise Development (CESED) both of the School of Business have organised a day’s interaction with over 80 traders drawn from the Abura, Cape Coast and Elmina markets on possible ways of improving upon their businesses. Opening the programme, the Head of Department of Finance, Dr. John Gatsi said the intention of the organisers was not only to listen but also to share experience with them. Dr. Gatsi said, he believed it was the duty of the School of Business to be responsible to the needs of the community by getting closer to them and offer the little help they could to enable members of the public derive some benefits from their expertise. “You are the ones who feed us and make us comfortable, so we need to share what we have with you so you can continue to make us happy”, he noted. Dr. John Gatsi indicated that there was the need to help them build their businesses so that when they were not around tomorrow what they have taken years and toil to build would not collapse. He commended the traders for their creativity since it was as result of that that were still in business. In a presentation, the head of CESED, Dr. (Mrs.) Mavis S. Benneh Mensah, who presented on the topic “Financial and Entrepreneurial Literacy for Traders advised the traders to be creative and develop new ideas in their trading activities to ensure that they will always remained in business. Dr. (Mrs.) Mavis S. Benneh Mensah entreated the participants to ensure strict and effective supervision of their assistants or workers as well as being patient and courteous to their customers. She advised the traders to diversify their businesses so as to stay in business since dealing with one item or commodity could be problematic at certain times as business people. Dr. Abraham Ansong, a senior lecturer of the School, chaired the programme and told the traders not to mix their capital with their profit in order to build their capital and hence their businesses. There was another presentation on the importance of Business Record Management by Dr.Samuel Kwaku Agyei, a lecturer of the School.