Chartered economists urged to support private sector

BY: Faith Ayorkor Mensah
The co-founder and Chairman of the Venture Capital Group Investrade International, Mr Paa Kofi Ansong
The co-founder and Chairman of the Venture Capital Group Investrade International, Mr Paa Kofi Ansong

The co-founder and Chairman of the Venture Capital Group Investrade International, Mr Paa Kofi Ansong, has called on chartered economists in the country to utilise the knowledge acquired in their professional programmes to provide technical support to the private sector.

The private sector, he said, was dominated by people who had little to no knowledge in economics hence the need to support it for increased productivity.

Mr Ansong, who attributed the lack of knowledge to the low availability of sustainable wealthy individuals in the country charged the chartered economists to help change the narrative by offering technical advice players in the private sector.

"The narrative should be that whatever we have learnt should change the behaviour else people would just waste their money because they are not well-advised,” he said at the 11th induction ceremony of Chartered Economists in Accra last Saturday.

Ceremony

The induction ceremony, which was organised by the Association of Certified Chartered Economists (ACCE) in collaboration with the Global Academy of Finance and Management (GAFM), saw a total of 45 individuals being inducted as chartered economists in the areas of financial economics, managerial economics and economic policy analysis among other professional programmes.

The University of Cape Coast (UCC) Dean of the School of Business, Mr John Gatsi, who chaired the event, advised the inductees to be active in their various fields of operation to help enhance the country’s local productive capacity.

He also advised the inductees to constantly revise their business strategies through frequent monitoring, adding: “We should aspire to have contributors from our financial sector to development”.

Learn

The Deputy Director-General of Internal Audit Agency, Mr William Offei-Mensah, in his remarks, cautioned the inductees not to stop learning because they had completed their education.

"The best time to learn is not when you are under examination pressure, but when you have time to understand and digest to have authority," he said.

He added that the qualification carried a big responsibility which required constant learning.