Ghana. GSE boss asks pension funds to boost equity holdings
The Ghana Stock Exchange (GSE), which is experiencing a bull market this year, provides enormous opportunities for pension funds to invest and realise good returns, Ekow Afedzie, Managing Director of the exchange, has said.
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Addressing industry players during a workshop under the theme “Maximising Investment Returns Using the Ghana Stock Exchange”, Mr. Afedzi said “though pension fund investments in fixed-income securities continue to increase, the same cannot be said of equities. Since pension funds are long-term in nature, opportunities exist for players in this space to invest in equities as well.”
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He added that “growth in equity investments is critical in making patient capital available for businesses to expand and grow to support the national economy.”
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Also addressing the workshop, Hayford Attah Krufi, the Chief Executive Officer of the National Pensions Regulatory Authority, said “we need to have a vibrant equities market with rewarding returns for pension schemes to channel more investments in making real impact on the economy.
He added: “This collaboration between all capital markets players is critical to ensure retirement income security and social protection for all Ghanaians.”
Read more @Ghana Web
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