Tuesday, January 12, 2010

INCULCATE SAVINGS HABIT IN CHILDREN, DAILY GRAPHIC, FRI JAN 8, 10 (PAGE 33)

THE GENERAL Manager of HFC Investment Services, Mr Joseph Nketsiah has challenged parents and guardians to inculcate of savings in their children.
Mr Nketsiah made the appeal in Tema when the company introduced the kiddie version of the HFC Unit Trust to students of the Tema International School.
The package known as ‘piggy’ investment fund is a capital preservation towards catering for future needs.
According to the HFC officials this was to help the students save towards expectations that wouldn’t see them being over-dependent on parents and guardian for basic necessities.
The outreached programme initiated by the company is expected to be taken to basic and second cycle institutions within the Accra and Tema metropolis is expected to be replicated in other major cities across the country effective January this year.
Mr Nketsiah noted, the ingredients that a makes a nation is investment, hence the need to orient children who are tomorrow’s leaders into appreciating the need to invest in one’s future.
An Investment officer with the company, Mr Kingsley Soglo who took the students through some investment tips encouraged them to embrace the scheme being put together by the fund.
He further charged them to programme their finances while they made strides into ensuring a fruitful future in the absence of their guardians.
The Head of Funds Management at the company, Ms Aileen Conteh appeal to the students to make conscious efforts into safeguarding their future well being through the adoption of positive investment attitudes.
Continuing, she indicated, the piggy fund which is part of the campus banking for students below the legal age of investing.
Ms Conteh noted that, the individual fund would be part of a pool of resources that would be rolled into various investment portfolios’ for the future benefit of the individual and charged parents to clinch the initiative which would relief them of various financial obligations.
Students who participated in the forum describe the presentation as a useful experience which would influence their spending positively.
Participating students were presented with certificates and GHC20 seed money to begin with the fund.

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