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Maiden Edition of UGBS Alumni Business Excellence Awards held

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UGBS Awards

In a bid to recognise and highlight the exemplary achievements and impact of alumni, the University of Ghana Business School Alumni Association in collaboration with the University of Ghana Business School (UGBS) organised a Business Excellence Awards, the first of its kind on 8th July, 2022 at the Labadi Beach Hotel.

The event was themed “Awarding Excellence in Achievement: The Role of UGBS Alumni”.

Government officials, captains of industries, leaders of economic sectors, great minds and leaders in academia braced the occasion.

The Alumni Association’s maiden Business Excellence Awards, for alumni and students, are aligned with the school’s strategic pillars and values and are designed to identify and celebrate individuals and businesses that make outstanding contributions to the success of UGBS in diverse ways as well as socio-economic development in Ghana.

The President of the UGBS Alumni Association, Dr. Kwaku Ofosu-Asare in a welcome address stated that this being the maiden edition, they may not have gotten it right acknowledging all those who deserve to be awarded.  

He, however, noted that this year’s edition is to lay the foundation for subsequent years, hence entreated all to join the Alumni Association for them to contribute immensely to the growth and development of the Business School.

In delivering his message, Professor Justice Bawole, Dean of UGBS, expressed his sincere appreciation to individuals and organisations that have supported the Business school through thick and thin.

Subsequently, Prof. Daniel Frimpong Ofori, Provost, College of Humanities, Mrs. Emelia Agyei-Mensah, Registrar, UG, and representative of Honourable Alan Kwadwo Kyeremateng, Minister for Trade & Industry delivered solidarity messages.

Moving on, the Guest of Honour, Dr. Kofi Koduah Sarpong stated in his keynote address that the success of our economy depends on skills, and how those skills translate into the management of resilient business organisations.

He mentioned that corporate governance, workforce, technological changes, digitalisation and corporate social responsibility are some of the issues relevant in building a buoyant business.

He further offered his thoughts on the UGBS Alumni’s pursuit of the Business Excellence Awards and its implications for business research.

Dr. Sarpong concluded his speech by urging Alumni to take an active interest and support the leaders in developing and sustaining the Business Excellence Awards.

Individuals and groups from various fields such as finance, marketing, accounting, public administration and human resource management were recognised. Some institutions and active year groups were also recognised for their philanthropic works.

Below is the list of individuals and groups who were recognised for their contributions to industry and the Business School :

CEOs

KWAMINA ASOMANING – C.E.O of Stanbic Bank Ghana Limited

DR. GIBRINE ADAM – C.E.O of EPP Group of Companies

PATIENCE AKYIANU – C.E.O of Hollard Insurance Ghana Limited

YOUNG CEO

ERIC AKUKUMAH- C.E.O of EDA Logistics

ENTREPRENEURS

 GREGORY ROCKSON- “MPharma”

ROMEO BUGYEI- “IT Consortium”

DR. GIBRINE ADAM- CEO EPP Group of Companies

ERNEST APPIAH- “AMG”

DR. EMMANUEL ADU-SARKODEE- “PHOENIX GROUP”

FINANCE

AFRIYIE OWARE- “AXIS PENSION”

MARKETING

SAMUEL OCRAN

EDWARD PRINCE AMOATIA

ACCOUNTING

DANQUAH ADDO-YOBO- ” Western Regional Director of Yara International”    

REV. SOLOMON KWASI KYEI

PUBLIC ADMINISTRATION

KWASI AMEYAW-CHEREMEH

C.O.P. NATHAN KOFI BOAKYE

HUMAN RESOURCE MANAGEMENT

DANIEL ACHEAMPONG

FESTUS BADU QUAIDOO

OUTSTANDING STUDENT IDEATION GROUP

 Fihankra Comtech LLC

HONORARY AWARDS

DR. J. M. ONUMAH- Founding member of the UGBS Alumni Association

PROF. J. S. ARKU- Founding member of the UGBS Alumni Association

ANTHONY SARPONG – Ambassador of the UGBS Alumni Association

DR. GIBRINE ADAM – Ambassador of the UGBS Alumni Association

PATIENCE AKYIANU – Ambassador of the UGBS Alumni Association

DR. K. K. SARPONG- Ambassador of the UGBS Alumni Association

PROF. ROBERT E. HINSON – Dedication to the formation of the Alumni Association

JAMES K. OTIEKU -Dedication to the formation of the Alumni Association

KPMG – continued support towards the UGBS and the Alumni Association

PRUDENTIAL BANK LIMITED- Continued support towards the UGBS and the Alumni Association

NOGUCHI MEMORIAL INSTITUTE – Efforts in fighting COVID-19

PHILANTHROPIA AWARD INSTITUTIONS

GNPC- Continued support towards the UGBS and the Alumni Association

BANK OF GHANA- Continued support towards the UGBS and the Alumni Association

SIC Life- Continued support towards the UGBS and the Alumni Association

TULLOW OIL PLC- Continued support towards the UGBS and the Alumni Association

ROCK CITY HOTEL- Continued support towards the UGBS and the Alumni Association

AGRICULTURAL MANUFACTURING GROUP (AMG)- Continued support towards the UGBS and the Alumni Association

CALBANK- Continued support towards the UGBS and the Alumni Association

PHOENIX GROUP OF COMPANIES- Continued support towards the UGBS and the Alumni Association

INDIVIDUALS

DR. EMMANUEL ADU-SARKODEE-  Phoenix Group of Companies

ERNEST APPIAH- AMG

DR. K. K. SARPONG- GNPC

DR. AARON ANAFURE

BRYAN ACHEAMPONG- Rock City Hotel

THOMAS MANU- GNPC

FRANK ADU JNR

TOGBE AFEDE XIV

RECOGNITION AS AN ACTIVE GROUP

1993 Year Group- Commissioning of a fully furnished Mentoring office and Refurbishment of R. S. Amegashie

2005 Year Group- For commissioning a refurbished Baby Bay at the UGBS Graduate Campus

1985 Year Group- For presenting air conditioners  

 2001 Year Group – Consistent support of the Alumni Relations Office and Organising the Maiden Debate Series, 2022 

2003 Year Group- Consistent support to Alumni Relations office

2008 Year Group- Consistent support to Alumni Relations office

ULTIMATE AWARD

DR. EMMANUEL ADU-SARKODEE- Business Excellence Personality of the YEAR, 2022

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Mastering the Mind: Forex Trading Psychology and Emotion Management

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Emotional mastery is essential for Forex trading success. Understanding trading psychology, developing emotional intelligence, and using practical emotion management tactics may help traders create the mentality and resilience required to negotiate the market's obstacles with confidence and calm. Whether you're a new trader learning the ropes or an experienced trader looking to improve your abilities, managing emotions is a path that may lead to better trading success and fulfilment in the volatile world of Forex trading.

In the high-stakes arena of Forex trading, mastering one’s emotions is just as crucial as understanding market trends and technical analysis. The psychology of trading plays a significant role in a trader’s success, influencing decision-making, risk management, and overall performance. Traders who can effectively manage their emotions are better equipped to navigate the ups and downs of the market with confidence and resilience. In this article, we’ll explore the intricate interplay between Forex trading and psychology, offering insights and strategies for mastering emotions and achieving trading success.

Understanding Emotional States in Trading

Emotions play a significant role in trading, influencing decisions and behaviours in both positive and negative ways. Common emotional states experienced by traders include:

  1. Greed: The desire for larger profits can lead to overtrading, excessive risk-taking, and ignoring risk management principles.
  2. Fear: Fear of losing money can result in missed opportunities, premature exits, and hesitancy to enter trades.
  3. Anxiety: Feeling overwhelmed or anxious about market volatility or uncertain outcomes can impair decision-making and lead to impulsive actions.
  4. Overconfidence: Excessive confidence in one’s abilities can lead to taking on too much risk or ignoring warning signs of potential losses.
  5. Frustration: Facing losses or setbacks can lead to frustration, which may cloud judgment and lead to revenge trading or irrational decision-making.

Developing Emotional Intelligence

Emotional intelligence is the ability to recognize, understand, and manage one’s emotions effectively. In the context of Forex trading, developing emotional intelligence involves:

  1. Self-awareness: Recognizing and understanding one’s emotional triggers and biases is the first step towards emotional mastery. Traders should identify their strengths, weaknesses, and patterns of behavior to better manage their emotions.
  2. Self-regulation: Learning to control impulses and manage emotions in the heat of the moment is essential for effective trading. Techniques such as deep breathing, mindfulness, and visualization can help traders stay calm and focused during stressful situations.
  3. Emotional resilience: Building resilience allows traders to bounce back from losses or setbacks and maintain a positive attitude towards trading. Embracing failure as a learning opportunity and maintaining a long-term perspective can help traders stay resilient in the face of adversity.
  4. Empathy: Understanding the emotions of others, such as market participants or fellow traders, can provide valuable insights into market dynamics and sentiment. Traders who can empathize with others are better equipped to anticipate market movements and make informed trading decisions.

Practical Strategies for Emotion Management

In addition to developing emotional intelligence, traders can implement practical strategies to manage their emotions effectively:

  1. Stick to a trading plan: Having a well-defined trading plan with clear entry and exit criteria helps remove emotion from trading decisions. Traders should follow their plan religiously and avoid deviating from it based on impulsive emotions.
  2. Practice proper risk management: Implementing strict risk management techniques, such as setting stop-loss orders and position sizing, helps protect capital and reduce emotional stress during trading.
  3. Take breaks: Taking regular breaks from trading allows traders to recharge mentally and emotionally, preventing burnout and decision fatigue.
  4. Seek support: Surrounding oneself with a supportive trading community or mentorship network can provide emotional support and valuable insights into trading psychology.
  5. Review and reflect: Regularly reviewing trades and reflecting on emotional reactions can help traders identify patterns of behaviour and areas for improvement. Keeping a trading journal can facilitate this process and aid in emotional self-awareness.

Conclusion

Mastering emotions is a critical aspect of achieving success in Forex trading. By understanding the psychology of trading, developing emotional intelligence, and implementing practical strategies for emotion management, traders can cultivate the mindset and resilience needed to navigate the challenges of the market with confidence and composure. Whether you’re a novice trader learning the ropes or an experienced trader seeking to refine your skills, mastering emotions is a journey that can lead to greater trading success and fulfilment in the dynamic world of Forex trading.

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Mastering the Art: High-Probability Forex Trading Setups

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High-probability Forex trading setups may dramatically improve your trading performance, but remember that success requires expertise and perseverance. By honing your abilities and reacting to market situations, you'll be well on your way to meeting your trading objectives.

In the world of Forex trading, the ability to identify high-probability trading setups is essential for achieving consistent profitability and success. High-probability setups are those that offer traders a greater likelihood of success based on a combination of factors such as market conditions, technical indicators, and price action patterns. By mastering the art of recognizing and capitalizing on these setups, traders can enhance their trading performance and maximize their returns. In this article, we’ll explore the key characteristics of high-probability Forex trading setups and provide actionable tips for traders looking to improve their trading accuracy and efficiency.

High-Probability Forex Trading Setups

  1. Trend Line Breakouts: Identify and trade breakouts above or below trend lines, utilizing indicators like Moving Averages and Relative Strength Index (RSI) to confirm the trend.
  2. Range Trading: Capitalize on range-bound markets by buying or selling at key support and resistance levels, using indicators like Bollinger Bands and Stochastic Oscillator.
  3. Fibonacci Retracement: Utilize Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, and 76.4%) to identify potential reversal points and predict price movements.
  4. Chart Patterns: Identify and trade chart patterns like Head and Shoulders, Inverse Head and Shoulders, and Triangles, using indicators like RSI and Bollinger Bands to confirm the pattern.
  5. News-Based Trading: React to market news and events using advanced news analysis techniques, like sentiment analysis and market impact assessment.

Tips for Trading High-Probability Setups

  1. Risk Management: Implement advanced risk management strategies like position sizing and diversification.
  2. Market Analysis: Conduct in-depth market analysis using technical and fundamental techniques.
  3. Trade Journaling: Record and analyze your trades to refine your strategy.
  4. Emotional Control: Master your emotions and avoid impulsive decisions.
  5. Continuous Learning: Stay up-to-date with market trends and refine your skills through ongoing education.
  1. Clear Trend Identification: One of the hallmarks of high-probability trading setups is a clear trend direction in the market. Whether it’s an uptrend, downtrend, or sideways trend, having a well-defined trend allows traders to align their trades with the prevailing market direction, increasing the likelihood of success. Traders can use technical indicators such as moving averages, trendlines, and Ichimoku clouds to identify and confirm the direction of the trend, providing a solid foundation for identifying high-probability trading opportunities.
  2. Confluence of Technical Indicators: High-probability trading setups often involve a confluence of multiple technical indicators aligning in the same direction. This confluence adds weight to the setup and increases the probability of a successful trade. Traders may look for scenarios where key indicators such as moving averages, Fibonacci retracements, and support and resistance levels all converge to signal a potential trading opportunity. By waiting for confirmation from multiple indicators, traders can filter out false signals and focus on setups with a higher probability of success.
  3. Price Action Confirmation: Price action confirmation is another crucial component of high-probability trading setups. Traders analyze the behaviour of price action, such as candlestick patterns, chart patterns, and key reversal signals, to validate their trading setups. For example, a bullish engulfing pattern or a hammer candlestick forming at a support level may signal a high-probability bullish reversal setup. By paying close attention to price action signals and confirming them with other technical indicators, traders can increase their confidence in the validity of their trading setups.
  4. Risk-to-Reward Ratio: Effective risk management is essential for successful trading, and high-probability trading setups often exhibit favourable risk-to-reward ratios. Traders assess the potential reward of trading relative to the risk involved, aiming for setups where the potential reward significantly outweighs the risk. By maintaining a positive risk-to-reward ratio, such as 1:2 or higher, traders can achieve consistent profitability even if not all trades are winners. This disciplined approach to risk management is a hallmark of successful traders who focus on preserving capital while maximizing returns.
  5. Patience and Discipline: Patience and discipline are key virtues when trading high-probability setups. Traders must wait for the right conditions to align before entering a trade, resisting the temptation to chase after every opportunity. By exercising patience and discipline, traders can avoid impulsive trades and focus only on setups that meet their criteria for high probability and favourable risk-to-reward. This disciplined approach not only improves trading accuracy but also helps traders develop the mental fortitude needed to succeed in the challenging world of Forex trading.

Conclusion

Mastering high-probability Forex trading setups is essential for achieving consistent profitability and success in the Forex markets. By focusing on clear trend identification, the confluence of technical indicators, price action confirmation, favourable risk-to-reward ratios, and exercising patience and discipline, traders can increase their trading accuracy and efficiency. Whether you’re a novice trader looking to improve your skills or an experienced trader seeking to refine your trading approach, mastering high-probability setups is a cornerstone of successful Forex trading. With dedication, practice, and a keen eye for opportunity, traders can enhance their trading performance and achieve their financial goals in the dynamic and rewarding world of Forex trading.

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Navigating the Markets: Expert Forex Trading Analysis and Forecasts

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Expert Forex trading analysis and forecasts are critical for navigating the complicated and ever-changing world of currency trading. Using fundamental analysis, technical analysis, sentiment analysis, intermarket analysis, and expert predictions, traders may acquire significant insights into market dynamics and predict future price movements with certainty and precision. Whether you're a new trader searching for advice or an experienced trader looking for a competitive advantage, expert Forex trading analysis and predictions equip traders with the information and tools they need to thrive in the volatile and tough Forex market.

In the fast-paced and dynamic world of Forex trading, staying ahead of market trends and making informed decisions is paramount to success. Expert Forex trading analysis and forecasts provide traders with invaluable insights into market dynamics, trends, and potential price movements, empowering them to navigate the markets with confidence and precision. In this article, we’ll delve into the world of expert Forex trading analysis and forecasts, exploring the tools, techniques, and strategies employed by seasoned traders to decipher market behaviour and anticipate future movements.

  1. Fundamental Analysis: Fundamental analysis is a cornerstone of expert Forex trading analysis, focusing on the underlying economic factors and events that drive currency prices. Expert traders analyze a wide range of economic indicators, central bank policies, geopolitical developments, and market sentiment to assess the health and direction of a currency pair. By staying abreast of key economic releases such as GDP growth, inflation rates, employment data, and interest rate decisions, traders can anticipate market reactions and position themselves accordingly.
  2. Technical Analysis: Technical analysis is another essential tool in the arsenal of expert Forex traders, focusing on historical price data and chart patterns to identify trends and potential trading opportunities. Expert traders utilize a variety of technical indicators, oscillators, and chart patterns to analyze price action and forecast future movements. Whether using moving averages, Fibonacci retracements, or candlestick patterns, technical analysis provides traders with valuable insights into market sentiment, support and resistance levels, and potential entry and exit points.
  3. Sentiment Analysis: Sentiment analysis involves gauging market sentiment and investor psychology to anticipate future price movements. Expert traders monitor various sentiment indicators, such as market positioning, sentiment surveys, and news sentiment, to assess the prevailing mood of the market. By understanding whether market participants are bullish, bearish, or neutral, traders can identify potential shifts in sentiment and position themselves accordingly. Sentiment analysis provides traders with a valuable contrarian indicator, helping them anticipate market reversals and identify trading opportunities.
  4. Intermarket Analysis: Intermarket analysis involves analyzing the relationships between different asset classes, such as currencies, stocks, bonds, and commodities, to gain insight into broader market trends and correlations. Expert traders examine intermarket relationships and correlations to identify potential opportunities and risks in the Forex market. By understanding how changes in one asset class can impact another, traders can anticipate market movements and make more informed trading decisions.
  5. Expert Forecasts: Expert Forex trading analysis often culminates in forecasts and predictions about future market movements. Expert traders utilize a combination of fundamental, technical, and sentiment analysis to formulate their forecasts, providing traders with valuable insights into potential trading opportunities and risks. Whether forecasting short-term price movements or long-term trends, expert traders provide traders with a roadmap for navigating the markets and achieving their trading goals.

Conclusion

Expert Forex trading analysis and forecasts play a crucial role in guiding traders through the complex and ever-changing world of currency trading. By leveraging fundamental analysis, technical analysis, sentiment analysis, intermarket analysis, and expert forecasts, traders can gain valuable insights into market dynamics and anticipate future price movements with confidence and precision. Whether you’re a novice trader seeking guidance or an experienced trader looking for an edge, expert Forex trading analysis and forecasts provide traders with the knowledge and tools they need to succeed in the dynamic and challenging Forex market.

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