Ashesi Teams Win First and Second Place at Financial Analyses and Research Competition

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Two teams of Business Administration students at Ashesi won first and second place, respectively, at the 2023 Chartered Financial Analyst (CFA) Institute research challenge.
The winning Ashesi team will represent Ghana at the Europe, Middle East, and Africa (EMEA) regional final this year.

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This is the second year in a row that an Ashesi team has won the competition. The winning Ashesi team, Grade A Capital, was supervised by Ashesi lecturer Dr. Esther Laryea and comprised Erica Naa Kai Anang ’24, Nana Serwaa Opoku-Acheampong ’24, Felicia Sika Baeta ’24, Nana Kwabena Asare ’24 and Adebayo Adedeji ’23.

First runners-up Market Mavericks were supervised by Ashesi lecturer Dr. Anthony Essel-Anderson. The team comprised Nana Adwoa Agyemang Sereboo ’23, Jonathan Ofori Nyamedi ’24, Nelson Badoorbe Nor ’24, Roland Akwei-Sekyere 24, and Kwasi Boamah Tano ’24. The competition required the teams to conduct an in-depth analysis of MTN Ghana and provide investment recommendations based on their findings.

“It was a fun and challenging experience for me,” shared Adebayo Adedeji ’23. “It was a great opportunity to sharpen my research and financial analysis skills while building connections. I also learned much about the telecommunications industry and MTN Ghana as a company.”

The CFA Institute Research Challenge is an annual global competition providing final-year undergraduate and Master of Business Administration level students with hands-on mentoring and intensive training in financial analysis and professional ethics. Participating students are tested on their analytical, valuation, report writing, research and presentation skills. Other teams at this year’s Ghana competition were from the University of Professional Studies, Accra (UPSA).

“Equity valuation forms a big chunk of business worldwide,” explained Dr. Esther Laryea. “Our students being able to excel in such situations speaks to their experiential learning at Ashesi and how they are being prepared for future careers in finance.”