The Dean, Faculty of Business Education (FBE), Akenten Appiah-Menka University of Skills Training and Entrepreneurial Development (AAMUSTED), Prof. Isaac Boateng, has cautioned students against dabbling in unproductive investments, especially when it comes to the money for their school fees.
He said it would be wise for students while in school to find some sources of income, but those sources should be safe enough to guarantee a return on any investment they might make. “Spending your school fees on betting and other get-rich-quick schemes should be a no-go area for wise students,” he admonished.
Prof. Boateng made the remarks as part of his contribution during the wealth creation session of the Senior Staff Association- Universities of Ghana (SSA-UoG) of AAMUSTED organised maiden Empowerment Seminar and Health Screening programme on May 19, 2022.
He said some students of the University were likely to miss the end of first semester examinations scheduled to begin on Monday, May 23, 2022, because they threw caution to the wind and spent their school fees on betting. Some squandered it to buy expensive mobile phones while others lavished it on their lovers.
Such investments, he said, were unproductive and could only land the affected students in a tight corner where they either have to struggle, bring unwarranted pressure on their parents to find the money, or lose their studentship.
In addition, the Acting Registrar of AAMUSTED reiterated the caution against using school fees for other reasons while, the Vice-Dean of Student Affairs, Dr. Philip Oti-Agyen, encouraged the students to take advantage of the policy of the University for students to register upon paying a minimum of 70 percent of the fees to register and participate in the end of first-semester examinations.
For his part, the Dean of the Faculty of Applied Sciences and Mathematics Education (FASME), Prof. Stephen Jobson Mitchual, suggested safer investments like mobile money, sale of telephone credit cards, pastries, and foods to the students.
Mrs. Richmell Baaba Amanamah, Coordinator of Graduate Studies at the FBE, gave the main presentation on “Wealth Creation, Opportunities Available for the 21st Century Full-Time Worker.” The presentation covered areas like The Need for Wealth Creation, Principles for Creating Wealth, How to Create Wealth, and Avenues for Effective Investment.
The seminar was organised under the theme “Work, Wealth, and Wellness: an Individual Responsibility.” Interested participants were also screened for cervical cancer and glaucoma.