Standard Bank West African Investors Conference held in Accra
The Standard Bank West African Investors Conference, a confab that enables investors to get first-hand information from listed companies on the Ghana Stock Exchange (GSE), has been held in Accra.
The Minister of Finance, Mr Seth Terkper, said the economy was on the path to recovery and that the medium term prospects were good.
He said government was working to contain expenditure through an effective debt management strategy, adding that significant achievements had been made.
He said the country would soon enter the growth phase and that there was the need to develop policies that would help the country to manage external shocks that affect the economy.
Mr Stephen Bailey-Smith, Head Africa Research Global Markets, was bullish that Ghana’s economy would overcome the temporary difficulties it was going through currently.
In Ghana, the one-day event saw investors converge to acquire information from the listed companies directly.
Fouad Idun-Ogde, Head of SBG Securities Ghana Limited, the brokerage arm of Stanbic Ghana, said the conference provided a platform for investors from across the world to get information on the outlook of the Ghanaian economy, and the securities industry to help them make informed decisions.
Mr. Idun-Ogde said the conference gave opportunity for investors to get answers to any questions they may have about companies they might want to invest in.
He said the overall objective of the conference was to boost the interest of investors in the listed equities and improve liquidity on the Ghana bourse.
“The main objective of this conference is to strategically position Ghana on the investment market,” he added.
The conference, which is built on the successes recorded in the previous editions, attracted institutional investors from across the globe to meet with most of the top rated corporate companies.
The Conference this year is being held in Ivory Coast, Ghana and Nigeria.
Over a period of five days, international investors will have the opportunity to engage with business leaders from some of the most successful companies in the sub-region to share ideas and plans with a view to find key opportunities for growth.
Source: GNA