Audio By Carbonatix
The Director General of the Securities and Exchange Commission (SEC), has directed fund managers to be transparent with investors who attempt to withdraw their monies.
Speculations remain rife in the investment space amid concerns government’s talks with the International Monetary Fund (IMF) will see investors lose money.
Some have already started withdrawing and receiving lesser amounts.
SEC which regulates the space blames the current economic situation for the trend.
But in an interview aired on Joy FM's Midday News on Thursday, Rev Daniel Ogbamey Tetteh said fund managers should reflect the true market value of investments in fixed-income portfolios.
“In other words, you want to tell the investors that, well because of where interest rates are, the value of the investments is so much. If I have to sell the bonds today to pay you, I will have to sell at the prevailing market price, not at the fixed value but that is how it works,” he explained.
Latest Stories
-
Abolish or Reform? Abu Jinapor counsels sober reflection on debate over future of Special Prosecutor’s Office
3 hours -
2026 World Cup: Can Ghana navigate England, Croatia, and Panama in Group L?
3 hours -
NAIMOS task force arrests 9 Chinese illegal miners, destroys equipment at Dadieso
3 hours -
NAIMOS advances into Atiwa Forest, uncovers child labour, river diversion and heavy machinery
3 hours -
NAIMOS Task Force storms Fanteakwa South, dismantles galamsey operations
4 hours -
The Kissi Agyebeng Removal Bid: A Look at the Numbers
5 hours -
DVLA to roll out digitised accident reports, new number plates and 24-hour services
5 hours -
DVLA Workers’ Union opens 2025 Annual Residential Delegates Congress with call for excellence, equity and solidarity
5 hours -
Scholarships Secretariat sets December 8–9 interviews for Commonwealth Scholarship applicants
5 hours -
WASSCE decline reveals deep gaps, there’s need to overhaul education system – Franklin Cudjoe
6 hours -
JOY FM Drive Time host Lexis Bill leads fans up Aburi Mountain in energetic ‘Walk With Lexis’ fitness experience
6 hours -
2026 World Cup: Ghana to open campaign in Toronto against Panama
7 hours -
President Mahama, Lordina support retired Assemblies of God pastors, widows with medical care and Christmas gifts
7 hours -
2025/26 GPL: Nations FC fight back to claim 2-1 win over Heart of Lions
7 hours -
Tanzania responds to international criticism over October post-election events
7 hours