The Pilot Training Institute (PTI) has won this year’s entrepreneurship and financial literacy quiz competition held in Accra.
PTI accumulated 121 points, beating off competition from New Century Entrepreneurship Training Institute with 119 points, CMMTI with 118 points and the Kanda National Vocational Training Institute (NVTI) which had 84 points.
The event which was held to commemorate the 48th anniversary of the National Vocational Training Institute, under the auspices of the Institute of Entrepreneurship and Small Scale Business Development, also had an investment orientation and seminar, sponsored by the Universal Merchant Bank Investment Holdings Limited.
At the seminar, prior to the quiz contest, the students were taken through investment models and how to develop a savings attitude towards the future.
Ama of the UMB, asked the students to spend less money on entertainment and internet in order to save a portion for their future needs.
“As you patronize the bet centres and also spend monies on data for your phones; remember that money can accumulate when portions are saved for future use,” she advised the students, sharing some of the bank’s investment packages including fixed income investments, mutual funds, provident and fund management, treasury bills among others.
Executive Director Institute of Entrepreneurship and Small Scale Business Development (IESSBD), Mr. Joshua Mensah, indicated that his outfit since the beginning of the program last year, had managed to whip up the investment interest in young people across many schools.
“We focus on the informal educational sector, including vocational and technical education to develop the skills of students with business incubator programmes. We have trained about 3000 women on investment and business opportunities” he said.
Mensah explained that the e-club, a branch of the IEDDBD, focusses on training students at vocational and technical schools in partnership with NVTI to offer them employment prospects and funds to start their businesses.
“Our partnership with the Young Investor Network has yielded some fruit as we have reached over 20,000 students on the need to pursue aggressive investment while still young,” he noted.
By Wisdom Jonny-Nuekpe & Lisa-Marie Wala