The Securities and Exchange Commission, SEC, has lauded the capital market for a good performance in the first half of the year.
The regulatory body says although some companies have seen minor losses, the average performance recorded showed a lot of gains and this is a plus on exchange companies in Ghana.
In an interview with Citi Business News, the Deputy Director General in charge of Finance at the Securities and Exchange Commission, Lawrence Yirenkyi Boafo also said there has been remarkable effort by companies to stay in business.
“The capital market is basically a reflection of the economy, as a result though there have been some fluctuations, most entities are doing quite well. A few others are struggling but in any economy that happens,” he stated.
Mr. Yirenkyi Boafo however intimated the need for people to be enlightened on the need to invest whilst gearing the economy towards a 100 percent gains market.
“People must be educated on investment. Investment consciousness is actually for those who don’t have money…As we all build investments, there will be a lot of money in the system and the economy will improve.
Students must invest
Meanwhile Lawrence Yirenkyi Boafo, has admonished the youth to inculcate the habit of investing their monies in operations that yield positive returns.
Speaking at the launch of the 2016 edition of Capital Market Quiz competition organized for students in the second cycle institutions, Mr. Yirenkyi Boafo further maintained that the students could secure their future with a commitment to save.
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By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana