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Economy

Cost-cutting urged for Securities players

Players in the securities industry are being asked to collaborate more in information management, infrastructure and skills development. This, according to the government will, help reduce their cost of operations and increase access to financial services to both the formal and informal sectors. Speaking at the official launch of the 2010 Ghana Investments Awards, a representative from the Finance Ministry, Yvonne Quansah said the government is committed to ensuring a well-developed securities industry that will help facilitate the advancement of the overall financial market. “We all know that well developed securities market has the ability to moblise private funds and channel them to the most productive sectors of the economy,” she explained. The maiden edition of the Investments Awards is on the theme ‘promoting sound investment to enhance wealth creation and economic development’. President of the Premier Networking Investment Club, organizers of the awards, Kwame Amporful told Joy Business the awards are to recognize investment firms, products and services. He said there were three categories of awards – the corporate award, fun and product award and individual award. “For the individual award category, we have the Fund Manager of the Year Award, and there is the Most Promising Professional of the Year Award under 28 years and then we have the Lifetime Achievement Award.” Source: Joy Business/Ghana

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.