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
-
Farmers need support all Year, not just awards’ — Prof. Boadi
2 minutes -
Spotify ranks ‘Konnected Minds’ Ghana’s No. 1 Podcast for 2025
4 minutes -
Minority caucus push for modern AI-driven agricultural and fisheries revolution
6 minutes -
Mahama reaffirms Ghana’s commitment to ending HIV/AIDS by 2030
6 minutes -
Martin Kpebu poised to defend claims against Special Prosecutor – Counsel
11 minutes -
Kareweh criticises govts for policies that look good but achieve little in agriculture
13 minutes -
Galamsey is killing our cocoa, our water, our future – Minority warns of food security meltdown
15 minutes -
Keta is drowning, not fishing – Minority demands urgent fix to premix fuel breakdown
29 minutes -
Rising attacks on journalists demand better coordination with Security agencies — MFWA
38 minutes -
A nation that left its farmers behind – Minority blasts gov’t over GH¢5bn grain disaster
45 minutes -
Move to scrap OSP is premature, Inusah Fuseini tells Majority caucus
45 minutes -
Farmers’ day losing meaning without real reform — GAWU Warns
47 minutes -
GTA boss outlines three priorities to drive Volta Region’s tourism growth
47 minutes -
Cary-Hiroyuki Tagawa, actor who performed in ‘Mortal Kombat,’ dies at 75
49 minutes -
Ghana celebrates 41st Farmers’ Day, spotlighting champions of food security
54 minutes