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23.07.2004 Business & Finance

Ghanaians urged to invest in securities

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Ho, July 23, GNA - Ghanaians have been urged to develop an interest in investing in securities and other financial instruments. Mr Herbert K. Aidoo, Business Development Manager of SAS-Investment Management (SAS-IM) made the call on Friday in Ho at the launching SAS-Fortune Fund.

The Fund managed by SAS-IM is an open-ended mutual and growth investment security scheme, which handles investments in securities including short-term and long-term equities, debts and government securities.

Speaking to newsmen, he explained that the objective of the Fund was to promote investment through the stock market among Ghanaians in view of the numerous advantages to be derived from investing in fully diversified portfolios of securities.

Mr Aidoo said some of the benefits include guaranteed security against old-age, high dividends usually more than that of treasury bills, quick access to money invested supported with high calibre of financial and administrative services.

He said individuals, groups, corporate bodies, provident and pension funds and social and investment clubs qualified to join the scheme.

Mr Aidoo said an investor could hold a minimum of 100 shares, initially priced at 1,000 cedis per share, with an offer period ending on August 13, this year.

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