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Ghana Stock Exchange reaches out to business entities on stock operations

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The Ghana Stock Exchange (GSE) in collaboration with the GSE Securities Depository (GSD) in a bid to bring the GSE operations closer to interested people outside the capital has educated business entities in the Sekondi-Takoradi metropolis on need to invest in the Stock.

Business people were taken through topics such as “the benefits of investing shares”, “introduction to the GES securities depository and its benefits”, and “GSD account opening procedures”.

The resource persons from financial institutions encouraged entrepreneurs and business entities to invest in the GSE, which has several benefits for present and future life, therefore would not lose their treasure.

They were Mr Philip Abodo of the First Atlantic Brokers Limited, Mrs Melvina Amoafo, Executive Director of the Ghana Stock Depository and Mr Benjamin Opiah who encouraged business people to always consult Broker Firms for expert advice.

They advised the pubic not to entertain any misgivings on investing in the Stock Exchange as part of the shares could be used as collateral for loans.

The resource persons, stressed on the importance to monitor the performance of the stock in order to have an idea of how it functions and act accordingly based on the information gathered.

They however, encouraged them not to give up when the market does not favour them since prices are not static as it has upward and downward trend.

The resource persons noted that investment was a medium to long-term venture and therefore could have favourable times to gain from their investment.

They said measures were in place to ensure that people did not lose unduly.

Madam Diana Okine, Public Relations/Marketing Officer of the Ghana Stock Exchange told the GNA after the programme that they were considering creating a market for Medium and Small Scale Enterprises (MSE) to raise capital for the expansion of their businesses.

To that effect, simplified rules would be created for the MSE as encouragement to be listed onto the GSE where they would be nurtured to grow.

The participants called for constant education on the operations of the Stock Exchange to enable them to make informed decisions.

Source: GNA

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