Musicians in Ghana have been advised to invest carefully as they ply their trade to forestall the challenges that arise due to inactivity when their careers taper off.
This advice was given by Charles Mensa, a financial management consultant at the Ghana Music Business Forum, as part of Ghana Music Week 2016 at the British Council Hall last Thursday.
In a presentation on the topic: ‘Managing Your Finances’, Mr Mensa mentioned that while at the peak of their careers, some musicians earn fabulous incomes, however, due to improper investments or no investments at all, these musicians blow their wealth and become virtual paupers by the time of their death.
Citing examples of musicians who have gone from grace to grass and others who had gone from glory to glory, he advised the musicians to be mindful of how they handle their fame and wealth.
Another speaker at the forum, Jonathan Cudjoe, the licensing officer for GHAMRO, charged musicians who are also composers to take a keen interest in the affairs of the Ghana Music Rights Organisation (GHAMRO).
Speaking on the ‘Current State of Collection Management and Piracy in Ghana’ he pointed out that GHAMRO was organising a series of interactions with music rights owners across the country so that they would be all on the same page in terms of issues pertaining to their rights as authors and composers of music.
On piracy, he said GHAMRO was taking steps with the appropriate institutions to deal with the scourge.
On her part, the Deputy Minister of Tourism, Culture and Creative Arts, Dzifa Gomashie, called on Ghanaians to celebrate their own, paying glowing tribute to the current leadership of MUSIGA, with Bice Osei Kuffour at the helm of affairs.
She also paid tributes to a number of Ghanaian stars, including Rocky Dawuni for his Grammy nomination, Reggie N Bollie for their success during the recent X Factor reality show and teenage prodigy Abraham Attah for his award-winning performance in ‘Beasts of No Nation’.
The UNESCO rep at the programme, Carl Ampah, disclosed that the creative arts has a crucial role to play in national development, and called on practitioners to constantly hone their skills by taking advantage of such training opportunities that would be available to them.
Bice Osei Kuffour, aka Obour, reiterated MUSIGA’s commitment to ensuring that Ghanaian musicians get their due and are adequately prepared through training to take advantage of the opportunities available to them, hence the decision to hold the Music Business Forum as part of Ghana Music Week (GMW) 2016.
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