Tertiary Business Sense Challenge: University of Education Winneba are champions — Beat KNUST, UCC
First-time finalists, University of Education Winneba (UEW), shocked the nation at the weekend, when they won the coveted title as the new champions of the Tertiary Business Sense Challenge (TBSC) Version 5.0.
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With overwhelming support from scores of their fans, the champions who made their intentions clear right at the sound of the bell, earned 67.9 points after five grueling rounds.
Two-time winners, University of Cape Coast (UCC) from the Central Region which arrived at the executive studios of TV3, the venue for the event, full of hope, eventually had their hopes dashed as they could only garner 51 points to take the position as first runners-up.
Defending champions Kwame Nkrumah University of Science and Technology (KNUST) from Kumasi in the Ashanti Region failed in its quest to defend the coveted trophy it won last year as it placed third with just 49.6 points.
The champions received GH¢8,000 cash, four laptops, insurance cover for each contestant, free subscription to the Graphic Business newspaper, certificates of participation, internship opportunities with institutions of the sponsors, souvenirs from sponsors and some textbooks.
The first runner-up, UCC, received GH¢5,000 cash, four tablets, insurance cover for each contestant, free subscription to the Graphic Business, certificates of participation, internship opportunities with institutions of the sponsors, souvenirs from sponsors and some textbooks.
Third-placed KNUST also received GH¢3,000 as its cash prize, insurance cover for each contestant, certificates of participation, internship opportunities with institutions of the sponsors, souvenirs from sponsors and some textbooks.
James Nana Ofosu of UEW and Abigail Tagoe of Ghana Technology University College (GTUC) received the special award for the best male contestant and best female contestant respectively.
The annual competition which attracted 35 schools across the country this year was under the auspices of the Graphic Business, the business and finance newspaper in the newspaper stable of the Graphic Communications Group Limited (GCGL).
Objective
The TBSC provides a platform to tertiary business schools in the country to showcase the quality of the education given to students by squaring them off against their contemporaries.
It aims to identify students with high business acumen who will engage their peers in meaningful business discussions and serve as role models and mentors to young business students.
Financial literacy
Speaking at the event, the Editor, Graphic Business, Asamoah Boahene, said it is crucial to deepen financial literacy now due to the challenges faced by the country’s economy in the last few years.
“If there has been the need for the deepening of financial literacy, now is the time. Over the past few years the economy has taken a nose dive and we all know the challenges we are facing in the economy.
We have had haircut, DDEP and other terminologies we never heard about in an economic class. So if there is ever a time to entrench financial literacy, this is the time that is why this platform is relevant,” he said.
He said his outfit believes in building an army of youth who understand investment and what it takes to put money aside to face difficult times.
He congratulated the winners and advised students to learn to invest in themselves to enable them tap into good opportunities in the future.
Sponsors
The quiz is partnered by the Institute of Chartered Accountants Ghana which provides all the technical aspects of the competition, including the setting and marking of questions and vetting.
The Chartered Institute of Management and Accountancy also provides some human support in the form of provision of judges and personnel.
Other sponsors include MTN Ghana, GLICO, Price WaterHouse Coopers (PWC), Petrosol and COMPU Ghana.