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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

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    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

    COCOBOD closes purchases for 2021/2022 main crop cocoa season

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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Pro investment policies to increase FDIs to Ghana – Dusk Capital CEO

bycitibusinessnews
February 25, 2017
in Banking And Finance, Government, Local Economy, Top Stories
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Analysts have projected more foreign patronage of Ghana’s capital market following a pickup of activities on the market.

The cedi depreciation, rising inflation plus the power crisis affected the bottom-line of businesses for the past three to four years.

The development also led to a dip in the performance of most businesses listed on the local bourse leading to an eventual slowdown in the growth of investment stocks.

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But the CEO of Dusk Capital Limited, Bernard Osei-Tutu tells Citi Business News the growth in the market will support private sector growth.

According to him, the policies outlined by the government should also culminate in the highly expected growth targets.

“The President in his state of the nation address announced plans to list the VRA and GRIDCo on the Ghana Stock Exchange and that presents a lot of opportunities for us as investment managers…The government acknowledges that the private sector is the engine of growth, plus a finance Minister with a capital market background is an indication that the government has our interest at heart,” he said.

Though the stock market recorded a negative growth for the past few years, the managers are confident of improved performance this year.

Bernard Osei-Tutu however urged fellow investment managers to be prepared for the task ahead.

In his view, a private sector growth coupled with a developed investment climate should reduce government’s over reliance on grants, aid and the rising external debts.

“It is just fair that we as managers should prepare ourselves to face the challenge that lies ahead of us. Developed countries have used their capital markets to grow their economies and it is time that developing economies like Ghana takes it capital market seriously in order to reduce its dependence on borrowing from the developed ones,” he suggested.

The Dusk Capital Limited CEO spoke to Citi Business News at the sidelines of a ceremony to mark the signing of a partnership agreement with International Investment Management Group Africa.

The agreement will give the company access to over 300 international mutual funds from other leading institutions like JP Morgan, HSBC and Goldman Sachs.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

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