A team of financial market trading experts and analysts under the Women in Forex Initiative is aiming to train a thousand unemployed youth in digital finance. 

The move, in collaboration with other forex brands, is to deepen financial literacy, especially in online trading.

“The training is going to be done across the regions. The 1^st training session commences in February dubbed “love in the market series”. This is a two day lecture with a charity ball that targets donations to three charity organisations as part of our corporate social responsibility,” Head of the Women in Forex, Gift Sika Annor, revealed.

Women in Forex Ghana with these collaborations aim to raise professional online traders and transparency standards on the financial market. The organisation hopes this will serve as the beginning of a great impact on the unemployment situation and encourage upcoming/enthusiastic financial experts to work prudently.

“The overall objective of this project aligns with the goals of the United nation's Sustainable Development Goals (SDGs) - education, employment, empowerment, poverty eradication,” she concluded.

The financial market globally has seen one of the most dramatic changes with regards to the emergence of technology in the past decade after the last financial depression in 2009.

The global market is currently seen to have opened up to digitalisation, thus opening up to everybody as compared to in the 70's when it was just governments and big financial institutions. 

The adaptation of these new innovations and technologies on the market has not been very smooth as governments all over the world are still adjusting to the pros and cons of these developments. 

The African economy is suffering the most as it is struggling to keep up with these innovations due to lack of proper systems to back these technologies and  support such innovations.

Appropriately, 15% of the 1.26 billion population of Africans are said to be  engaged in the digital financial market. A current report by Forbes indicated Africa’s adoption of bitcoin (cryptocurrency) is the highest globally with Nigeria leading the chart.

The Security and Exchange Commission and the Bank of Ghana have acknowledged the importance of these digital innovations especially the blockchain technology.

Ghana currently stands to be the 1^st African country to have plans of introducing a digital currency.

As the country’s economy is opening up to new innovations, there is the need for the labour force to grab this opportunity with the relevant technical know-how and preparedness in the digital financial market.