Professor E. Tweneboah Senzu, the President of the Academy of Economists and Investment Bankers, said there was the need to exploit other avenues of investment mechanisms by effective use of the internet like the forex trading market and other derivative as envisioned by the Securities and Exchange Commission.

Prof. Senzu was speaking at the inaugural conference of the Academy on the theme: “Enhancing the Skills of securities traders, the cornerstone of vibrant investment banking industry,” in Accra.

The Academy seeks to help create entrepreneurship and benefit for people, raise the bar on performance in the financial market, promote the development and usage of technical analysis skills to make profit and build mutual respect and credibility for all players in the financial market.

He said the Academy acts as the back bone of the newly formed department of Finance and Investment Banking at the Cape Coast Technical University.  He said it was to strengthen the investment trading industry in the country in the face of global competition.

Prof. Seznu called on government to create an economical viable environment for business growth and development. The President said the focus of the Academy would be on research to revamp the investment industry and promote the economy.

Mr Odonti Hughes Maclean, the Secretary of the Academy, said the vision of the academy was to build a hardworking and growth-oriented technical analytics in the financial market to deliver winning solutions without any form of discrimination in the country and beyond.He said the academy would achieve its vision by developing competent human capital that would bring the vision to reality, invest into research to deliver best services in the market, access technology to benchmark the academy’s activities and remain relevant, loyal, honest, diligent, reliable and committed to stakeholders.

He said the academy would also provide broad reaching training that fills gaps and gives the ability to trainees to perform and be able to defend their performance, evaluate the competitive market and build a differential advantage and build partnership with players in the financial market.

He said activities of the Academy were divided into four including research, financial insight programme, elite convocations and media engagements. “The academy will help the economy in a capacity building for effective financial reporting and also help reduce unemployment,” he added.