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07.02.2006 Education

Inadequate education contributing to low patronage of stock market


Kumasi, Feb 7, GNA - Lack of adequate education has led to low patronage of the stock market in the country, Madam Patricia Appiagyei, Kumasi Metropolitan Chief Executive (MCE) has observed.

She therefore advised members of the Stock Exchange to give priority attention to the organization of educational programmes to enlighten corporate bodies more on their functions.

Madam Appiagyei made the observation at the formal opening of a branch office of the SDC Brokerage Services in Kumasi on Monday. The SDC Brokerage Service is a licensed dealing member of the Ghana Stock Exchange.

Its products or services include buying and selling shares for individuals and companies, investment research, advice to companies, fund management and corporate advisory services among others. Mad Appiagyei said it was only through education that organization could be attracted to the Exchange.

Mr Andre Lalumiere, Chief Executive Officer (CEO) of the SDC, said the company would use seminars and workshops to reach out conveniently to people on the relevance of investing with it and doing business with the Stock Market.

Mr Kojo Addo-Kufuor, General Manager of SDC, advised Ghanaians not to just concentrate their efforts on only saving in the banks but also in other areas of investment. He said since investment is intended to bring returns, it was prudent to always seek for instruments that could yield high dividends.