Also, qualified for the next stage are University of Ghana and Lancaster University, Ghana.

 The challenge is to educate students on financial literacy and provide a platform for their contribution to grow the financial service sector. Participating universities are University of Ghana, University of Cape Coast, Central University College and Lancaster University, Ghana, Ashesi University, and Ransford University College.

Others are Islamic University College, Wisconsin International University College, University of Development Studies, University College of Education, Winneba, Ghana Technology University College, Institute of Professional Studies, Ghana Institute of Public Administration, and Valley View University.

The maiden event, launched early this month by the Royal Bank and powered by Edufair Ghana Foundation, also seeks to strengthen financial literacy in Ghana. Ms Ewura-Esi Enyimayew, the Executive Director of Edufair Ghana Foundation, said the platform would encourage universities to modify their curricula in terms of training in Banking and Finance to meet the expectations of the industry.

She said the competition was also to bridge the gap between academia and industry in transforming students understanding of issues. She said it was also to make students be abreast with various happenings in the industry.  On Wednesday, March 29, the competition would enter the semi-final stage and on Friday, March 31, there would be finals and awards ceremony for winners of the The Royal Banking and Finance Challenge 2017.

Participants were asked questions on the Stock Exchange, Pensions and other Banking and financial issues. Prizes to be awarded include an internship opportunity with sponsors and partners, laptops, investment packages, certificates and a trophy.

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