Business operators are confident this year’s budget which has since been approved by Parliament, will strengthen the country’s capital markets.
According to them, the budget offers progressive stimulus to the investing public.
Government in its first budget presentation slashed and reduced various taxes for various business operators.
In an interview with Citi Business News, Chief Executive Officer of Veritas Equities, Theophilus Tawiah said he is optimistic the measures put in place by the new government will go a long way to reinforce investor confidence as well as pave way for opportunities in the business world.
“If you look at the capital market for example, there are measures given by the Finance Minister, Ken Ofori Atta which will strengthen the capital market. The tax cut will also stimulate the public such that there will be money available. This is because we have disposable income now to make investments; so we encourage Ghanaians to use the cuts in their income to make savings,” he said.
About Veritas Equities Limited
Veritas Equities Limited, incorporated in 2009 provides small scale loans and business advisory support to small and medium scale enterprise.
Its product, Veritas Unit Trust is a fixed income open-ended unit trust licensed and regulated by the Securities and Exchange Commission.
The price per unit is Ghc1 and an investor can subscribe to a minimum of Ghc 20.00 and in multiples of 5 units thereafter.
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By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana