Audio By Carbonatix
Beginning today, August 22, investors can trade in Gold on the Ghana Stock Exchange, GSE just like other listed stocks. This is because all is now set for trading in the Gold Exchange Traded funds today.
The open-ended investment instrument allows investors trade in the fund which is directly linked to the prices of Gold but not the actual commodity.
It is locked into gold – thereby allowing investors to have exposure to gold without directly allowing them to buy the assets.
The fund which listed in other markets in African is currently worth 2.1 billion dollars. However 400 thousand shares will be available to investors for trading in Ghana.
It would open trading at a price of 31 Ghana cedis. The instrument allows investors trade in the fund which is directly linked to the prices of Gold.
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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.
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