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05.03.2006 Business & Finance

Only 25% of Ghanaians invest in securities

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Takoradi, March 5, GNA - Mr. Benn Kujar, General Manager of the Gold Coast Securities (GCS) Limited, has advised Ghanaian businessmen, traders and the public to invest in long term shares, bonds and securities.

He said investments on the Ghana Stock Exchange (GSE) could yield the necessary returns if experts were consulted for advice. It is too dangerous for investors to rely on speculations and the lack of requisite information, while investing. Mr. Kujar said these at the first client service seminar at Takoradi at the weekend.

He said while 75 percent of foreigners invested in capital markets, only 25 per cent of Ghanaians show interest in the market. Mr. Kujar explained that long-term investments were the best but without expert's advice and guidance, highly priced shares could disappoint and ruin one's investments.

He said securities were safer but people shy away and rather invest all their funds in treasury bills.

Mr. Kujar hinted that the Ghana Oil Company Limited and Expandable Poly Products Limited (EPPL) manufacturers of take away packs and rubber products would soon be listed on the GSE.

He said some other companies would soon be listed on the GSE and urged people to invest more in securities.

GCS General Manager said the company was undergoing restructuring to become customer driven and improve its human resource development. He said a new website had been created to enable clients of the company to have access, seek information and transact business on the Internet. 5 March 06