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
-
Ministry of Gender investigates alleged sharing of intimate videos by foreign national
2 minutes -
Cocoa must be treated as business, not politics- Nana Aduna II
8 minutes -
Barker-Vormawor urges scrutiny of COCOBOD reforms, warns of continued debt burden
15 minutes -
Prince Adu-Owusu: Beyond flowers and grand gestures — How do you want to be loved?
27 minutes -
Seven vehicles burnt as fuel tanker explodes on Nsawam-Accra highway
36 minutes -
Former COCOBOD administration spent syndicated loans on themselves, not farmers – Inusah Fuseini
1 hour -
Mahama vows to end export of raw mineral ores by 2030, shifts focus to local processing
1 hour -
Mahama meets UN Chief, discusses African security & democracy.
1 hour -
Livestream: Newsfile discusses cocoa crisis, galamsey complexity and election credibility in Ghana
2 hours -
Ghana stops cocoa Smuggling by narrowing price gap with neighbours – COCOBOD CEO
2 hours -
COCOBOD CEO admits pricing gap is costing Ghana cocoa sales
2 hours -
Solomon Owusu blames NPP for cocoa crisis, backs government’s new reform agenda
2 hours -
‘Behind The Lens with Queen Liz’ explores the true meaning of Valentine’s Day, Love, Lust or Legacy?
4 hours -
‘I wanted to be an architect but ended up as a nurse’ – Diana Hamilton reveals
4 hours -
From wards to worship: Diana Hamilton reveals how nursing school shaped her destiny
5 hours