DEVELOP THE HABIT OF SAVINGS — TORKORNO (PAGE 29, OCT 19, 2010)

THE Head of Asset Management at UT Bank, Mr Cephas Torkorno, has challenged the youth to develop the habit of savings.
According to him, putting away little resources at present will enable them meet future expectations in order not to be dependent on others for basic necessities.
Mr Torkorno made the call at the 12th biennial delegates’ conference of the Guild of the Servant of the Sanctuary Anglican Accra Diocese . The programme was on the theme: “So fear the Lord and serve him wholeheartedly”.
Sharing his experiences with the youth group, Mr Torkorno said the investments they made now would determine the kind of future they would build as individuals.
Officials of the Ecobank Development Corporation (EDC), who made presentations to the delegates on investment tips and financial independence, encouraged them to embrace the company’s iFund investment scheme.
Mr Jeffrey Baiden and Nii Lantei Lamptey, both investment officers with EDC took participants through the lecture and pointed out that contributing to such mutual funds would enhance individual financial stability.
Mr Baiden stated that the performance of the iFund in 2009 was impressive with a record returns of 27 per cent, making the fund one of the safest and highest yielding in the country.
The Archdeacon of the Accra North Diocese, Venerable Joseph Lamptey, charged members of the society to be humble as they strove to posses their heavenly inheritance.
He also charged participants to embrace the investment idea mooted by executives as insurance to sustain the future.
Earlier in his welcoming address, the outgoing Director of the guild, Mr Emmanuel Markwei, announced that work on the society’s two-storey secretariat at the Mataheko TT Cluster of Schools was near completion.
He said the project, estimated at GH¢100,000, would house a permanent office for the guild, a bookshop and a resource centre.
He charged the incoming executives to provide quality service that would develop the guild. Mr Markwei also entreated them to make the completion of work on the secretariat a priority.
Delegates later elected Messrs Michael Buckman and Cecil Nortey as Director and Deputy Director respectively, for a two-year term.
Other elected executives included: Gillian Addo, Secretary; Jemima Aryee, Assistant Secretary, and Daniel Amissah as Treasurer.