The fourth version of the Tertiary Business Sense Challenge (TBSC), has been launched with a call on business students across the country to make their voices heard in the affairs of the state, particularly on issues of business and economy.
The event, which was launched on May 16 in Accra, paves the way for interested tertiary business schools to register for participation.
This year’s edition is on the theme: ‘The Role of Business Students in Shaping National Economic Discourse’.
The annual competition for students in business schools of tertiary institutions is organised by the Graphic Business, the nation’s leading business and financial newspaper that is published by the Graphic Communications Group Ltd (GCGL).
Speaking at the launch, the Managing Director (MD) of the GCGL,Mr Ato Afful, said students in tertiary business schools in the country have rich knowledge which must be shared with the rest of the country including policymakers in government.
He said students formed a critical mass of the population and ,therefore, they need to share ideas to shape the national economic discourse.
Giving a brief about the event, he said the Business Sense Challenge brought together students and business schools of tertiary institutions to compete and unearth their business insights.
Mr Afful said it also helped to sharpen their entrepreneurial appreciation, while preparing them for life after school.
He said this year’s edition of the competition would be highly competitive, as many business schools trooped in to register and pitch their business skills against the best in the country.
He also disclosed that the Version 4.0 would be an expanded coverage and scope as part of efforts to rope in all the business schools of tertiary institutions across the country.
“To all competing schools, I wish to say that: all the world is a stage. Sometimes, that stage is the world and ambition is the path to greatness.
“So contestants, be at your best and show the skills that you have acquired in the learning that your professors have embodied and enabled you with over time,” Mr Afful said.
Education and growth
The Minister of Education, Dr Yaw Osei Twum, said in a speech read on his behalf by the Director of Tertiary Education at the Ministry of Education, Dr Eric Nkansah, that global trends in development suggested a strong positive correlation between education and economic growth.
Dr Adutwum said no country could achieve sustainable development without “substantial investment in human capital,” hence the government’s commitment to education.
He said, “Ghana’s gross tertiary enrolment ratio currently stands at 20 per cent, an increase from last year’s 18.84 per cent. That falls short of the target of 25 per cent envisaged by the Education Strategic Plan,” he said.
That, he said, had a significant effect on producing quality work force across the various sectors of the economy and ultimately Ghana’s Gross Domestic Growth (GDP).
“Studies show that 60 per cent of GDP in developed countries is mostly contributed by the work force who have some form of tertiary education.
“Therefore, higher gross tertiary enrolment ratio is a crucial driver for socio-economic transformation in any country and as such, the Graphic Business TBSC should be very much encouraged,” he said.
The TBSC is aimed at developing the minds of business students to be abreast of issues around business and the economy as a whole to help build successful business careers in the future.
The University of Cape Coast (UCC) remains two-time champions of the competition after emerging winners in the maiden and third editions.
The second edition saw the University for Development Studies (UDS) defeating the UCC in the final to win the contest.