Graphic Business News

Business Sense Challenge: University of Education sends Wisconsin University home

By: Maxwell Akalaare Adombila
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PIX(12) Some of the students reading the GRAPHIC BUSINESS at the event
PIX(12) Some of the students reading the GRAPHIC BUSINESS at the event

WHAT started as a tough contest between two equals, the University of Education, Winneba (UEW) and Wisconsin International University College, in the second leg of the GRAPHIC BUSINESS Tertiary Business Sense Challenge (TBSC) turned out to be an easy ride for the Central Region-based challengers after they were able to accumulate enough points from the second round onwards to outstrip Wisconsin and subsequently emerge victors.

At the end of the final round, the visitors from the Central Region garnered 53 points, almost twice the 36 points that Wisconsin managed to score at the contest held at the British Council in Accra.
By that result, Wisconsin joined the Ghana Technology University College (GTUC) to exit the competition while the UEW and the KNUST wait for the winners of today’s contest to determine their quarter final challengers.

Visitor stay, landlords pack
By that too, it means that two Accra-based universities, call them the landlords – Wisconsin and GTUC – have been booted out of the competition by their two out-of-Accra peers or visitors, prompting a question if the same will be repeated in today’s contest.
Today, the Ghana Institute of Management and Public Administration (GIMPA) will take on the University for Development Studies (UDS) in the first contest after which the University for Professional Studies, Accra (UPSA) will slug it out with the Methodist University.
The day’s competition will be closed by a contest between the Africa University College of Communication (AUCC) and the University of Cape Coast (UCC).

Ghana’s debt
In the contest involving Wisconsin and UEW, both schools started well, although the ‘educators’ quickly registered their prowess in the first round, when they scored 13 points against Wisconsin’s 10 points.
In subsequent rounds, however, the gap widened as representatives of UEW kept accumulating more points by answering a lot their questions right compared to Wisconsin, who struggled to get their answers right.
This continued into the four and final round, which features questions from the GRAPHIC BUSINESS, the country’s foremost business and finance newspaper and lead initiator of the TBSC.
One question that amused both sides was the one on the country’s debt stock.
When the question was asked UEW as their major, they attempted two answers, both of which were wrong.
As a result, it was passed on to Wisconsin for a bonus only for a representative to mention GH¢30 million as Ghana’s debt as at November 2018.
Amused by the answer, the moderator and quizmaster, Mr Alhassan Yusif Trawule of the Institute of Chartered Accountants Ghana (ICAG) said “wow, like Ghana would have had no problem.”
The question was later passed on to the audience but no one could tell that the Ghana owed its external and domestic creditors GH¢172.9 billion as of November last year.
A follow-up question on how much fresh debt was added to the national debt stock between November 2017 and November 2018 did not also get a right answer from either schools. The correct answer, GH¢33.6 billion, equally eluded the audience.
Beyond questions picked from the paper, the students were tested on current and practical issues that bothered on everyday activities in companies and the economy in general.