The Securities and Exchange Commission will increase the minimum capital requirement of Ghana’s fund managers to 2 million cedis ($365,260) from the current 100,000 cedis. The Director-General of the SEC, Daniel Ogbarmey Tetteh told Bloomberg that, fund managers who will not be able to meet the new capital will have to “fall out”. He said …
The Securities and Exchange Commission (SEC) has instructed Fund and Assets managers to institute measures to meet obligations due their clients. The Commission in a statement on Thursday directed that this should be consistent with the terms and conditions of the investment contracts signed with them. The directive comes at a time that there are reports …
Investors have been dumping South African government bonds at a rate of almost 2 billion rand ($132 million) a day in August. With issuance increasing and a downgrade to junk a looming possibility, non residents have sold a net 14.4 billion rand of the debt in August so far, according to JSE Ltd. data compiled …
Panellists and participants in the Graphic Business -Stanbic Bank Breakfast Forum have made a strong case for the establishment of a national equity fund to pool patient and low-cost funds for small and medium enterprises (SMEs) to use in unlocking their potential into global giants. They said although SMEs were the future of entrepreneurship and …
Vice President Dr Mahamudu Bawumia on Tuesday opened the World Business Angels Investment Forum (GBAF) Office in Accra, to empower and finance start-ups, innovators and small-and-medium scale enterprises (SMEs) in the country to scale up. The Office, the first to be established in the West African Sub-region, will interact and engage with a wide range …
The Securities and Exchange Commission is investigating money managers for locking up as much as GH¢5 billion in risky investments they’re struggling to retrieve for clients. The funds are stuck in short-term unlisted bonds, direct private-equity stakes and related-party deals for small- and medium-sized businesses, said Paul Ababio, deputy director-general at the Securities and Exchange …
new mutual fund known as the EcoCapital Prime Fund has been introduced onto the Ghanaian market to help solve some challenges encountered by investors. The EcoCapital Prime Fund is a money market mutual fund designed to help investors interested in short term investment that provided modest returns, with adequate liquidity to solve their investment problem. …
Vice President Dr. Mahamudu Bawumia has told Canadian investors that Ghana has the best investment environment in Africa for both local and foreign investors. He said Ghana did not only have stable political and security environment but has a benign legal and regulatory environment that offered the best investment climate on the African Continent. The Vice …
At least 48 Ghanaian journalists have been trained in cutting edge financial and data journalism, thanks to the Bloomberg Media Initiative Africa (BMIA). The philanthropic arm of Bloomberg extended the training to Ghana after huge successes of similar programmes in South Africa, Kenya and Nigeria. Reporting on figures, the economy and converting raw data into …
Date: Jul 09, 2019 10:04 BY: Daily Graphic Category: Business News The Ghana Investment Promotion Centre (GIPC) has signed a Memorandum of Understanding (MoU) with Malta Enterprise, Malta’s economic development agency, tasked with attracting new foreign direct investment, as well as facilitating the growth of existing operations. The MoU empowers both parties to set up a …