Ghana commercial banks urged to collaborate with investment institutions

Commercial banks have been urged to partner each other to create the needed atmosphere for investment banks to work together with the normal banks to promote business in the country.

The Area Manager of the Gold Coast Fund Management, Mr Kwaku Fredua-Agyeman, who made the suggestion said, the work of investments banks differ a little from that of the normal banks, and that, there is the need for  corporation between the two parties to complement each other’s role in the economy.

Mr Fredua-Agyeman was speaking at the official launch of the first Eastern Regional branch office of the Gold Coast Fund Management, an investment bank, at Koforidua.

He said the Gold Coast Fund Management now manages a portfolio of over GHC1.5 billion and creates conducive environment for their customers to do business without difficulty.

Mrs Elizabeth Adjei, a Board Member, urged people to invest properly for their income to yield dividends in future.

Nana Ama Fosuhemaa, the Effiduase Hemaa, thanked the bank for the initiative, and urged market women, businesses and individuals in the Eastern Region, to invest their money properly.

The new branch, which is the sixteenth to be established by the fund in Ghana, is located within the premises of the Kama Plaza.

The fund offer services in investment, treasury bills, bonds, fixed income securities and other financial services.

Source: GNA