“Start Your Retirement Planning Now” – UG Lecturer Offers Financial Literacy Advice To Ghanaian Youth

Maxwell Investment Group (MIG) hosted the second volume of its Business Forum at the British Council on April 25, 2024, drawing attention to the crucial importance of financial literacy and retirement planning.

The event featured insightful discussions led by notable speakers, including Dr. Godfred Amewu, lecturer at the Department of Finance at the University of Ghana Business School (UGBS), Stephen Boakye the general secretary of the National Pensioners Association among others.

One of the highlights of the event was a statement made by Dr. Maxwell Ampong, the Chief Executive Officer of Maxwell Investment Group, reflecting on the significance of self-reflection and personal growth.

Dr. Ampong expressed that if he could meet his future self 20 years from now, he would likely discover numerous missed opportunities and actions he might regret.

“If I could meet myself 20 years from now to ask myself questions, I would be very sure that there are a lot of things I might not have done. And If I could advise myself backpacks in the past 20 years, I would have been a better person than now, and that is what we are trying to do right now,” Dr. Ampong stated.

On his part, Dr. Godfred Amewu, emphasized the significance of starting financial planning at a younger age. He underscored that delaying retirement planning can lead to increased challenges upon reaching retirement age.

According to him, creating awareness about financial literacy among youth is crucial for fostering economic development.

“Retirement planning is something that you need to start with, right now. The more you delay, the more it becomes hectic when you retire. So, this program provides us with the opportunities to discuss issues regarding financial literacy and retirement planning,” Dr. Amewu stated.

He further emphasized the importance of initiatives like the MIG Business Forum in spreading awareness and empowering individuals to make informed financial decisions, ultimately contributing to broader economic growth and stability.