Keta: Some youth in the Keta Municipality have benefitted from a two-day workshop on financial literacy aimed at strengthening management of their thriving small and medium-sized enterprises (SMEs).
According to Ghana News Agency, the two-day training was organised by the National Youth Authority (NYA) Secretariat in Keta in collaboration with the leadership of Keta/Anloga Youth Parliament and the Anlo Rural Bank PLC. The workshop brought together finance experts from Anlo Rural Bank Limited, who took participants through key financial management principles and practical business strategies.
Mr. Godwin Sena Agbeworkonu, Credit Risk Manager at Anlo Rural Bank, delivered sessions on fundamental financial concepts such as income, expenses, budgeting, profit calculation, and cash flow management. He emphasized the importance of budgeting in avoiding overspending and facilitating informed financial decisions. Mr. Agbeworkonu also stressed the necessity for entrepreneurs to track their expenditures to gauge profitability and reduce wastage.
Mr. Venuye Amegago, Head of Business Development and Marketing at Anlo Rural Bank, guided participants through various financial products, including loans, credit facilities, and shares. He underscored the significance of understanding the timing, purpose, and repayment plans when accessing credit, warning that inappropriate loans could adversely affect businesses.
Mr. Francis Susuawu, the Keta Municipal Youth Director, praised both facilitators and participants in his closing remarks. He urged the youth to apply their newfound knowledge to improve their business operations, framing the training as a practical tool rather than mere theory.
Some participants expressed their appreciation for the initiative. Madam Joan, a young entrepreneur from Vodza, noted the workshop's impact, acknowledging that financial literacy is often overlooked in traditional education settings. She expressed gratitude for the insights provided, which she believes will help her avoid common business pitfalls.
Mr. Agbeworkonu, speaking to the GNA post-programme, described the engagement as highly interactive and expressed hope that the lessons shared would lead to tangible improvements in participants' businesses. He announced plans to extend similar workshops to other communities in Anlo State to benefit more young entrepreneurs.
