Women in forex Ghana under its initiative: THE ELEVATE GHANA FOREX PROJECT, has partnered with TDMarket to train 600 students in digital finance skill.
The Elevate Ghana project trains and mentors 1,000 youth in digital finance annually since the project was launched in 2021. Meanwhile, part of the project’s mission is to train over 10,000 youth across the regions in the country by 2030.
The initiative is to advocate for the need for exploration of the Digital Finance Industry through training and mentorship, enlightening the youth of the enormous financial and career opportunities bestowed in the industry and equipping them with the needed skills to engage.
The population of Sub Saharan Africa is projected to double by 2050 by the United Nations and currently 60% of the population is under the age of 25, making Africa the world’s youngest continent. However, the burgeoning youth population is both an opportunity and a challenge for the continent.
Internet, digital penetration and engagements of African youth increased from 24.4% in 2018 to 90% in 2020 indicated by ITU Digital world (Child Online Protection Organization), but most of the activities online by the youth are not very productive even though great career and financial opportunities abound online.
Such high number of young people is an opportunity for the continent’s growth but only if these new generations are fully empowered and trained to realise their best potentials
It’s important the youth are included in decision making and given appreciate opportunities for work, training and to innovate.
The United Nations estimated that 16 million young African are facing unemployment. On average, 11 million young people join the African Labour market each year yet the continent generates only 3.7 million jobs annually, a gap too wide to be ignored.
It is to this effect that TDMARKETS, South Africa, a global award winning and a multi regulated broker, as part of its vision, is embarking on this collaborative Digital Finance program with Women in Forex Ghana to empower the youth.
Five Universities namely: Koforidua Technical University, Kumasi Technical University, Accra Technical University, University of Cape Coast and University of Ghana are to benefit from this programme.
TDMARKETS intends to train these 600 undergraduates on the capital market and the need to indulge and explore career and financial paths in forex trading .
The capital market especially, the foreign exchange market, is the most liquid market on earth. Global Gross Domestic Product (GDP) of forex market in 2019 amounted to roughly 142 trillion Dollars with the entire worth of the market standing at $2.4quadrillion with over 170 currencies been traded reported by Bank of international settlement.
The IMARC group predicted a compound annual growth rate of 6% for the forex industry in the next 5years.
The industry is green in Africa especially Ghana, which is the more reason why there is the need to study and train to bridge the educational and capacity gap in hopes of future career opportunities for the African youth.
TDMARKETS has made its mark in the African Financial industry with its excellent operations in the last decades and poised to invest in youth mentorship and training in the Forex industry.
The goal of this Digital Finance training programme is to adequately equip the youth with skill set that are relevant in this pandemic era for a better livelihood, gear the youth toward productive online engagements and reduce cyber crime and help government’s policy to reduce unemployment.
Writer: Gifty Annor-Sika Asantewah.