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
-
Every year, the lawyers come out, and so does the nonsense! – Ace Ankomah writes
28 seconds -
Digital transformation without an ownership culture can digitise poor service
4 minutes -
Fishing communities demand revocation of offshore gold exploration licences over livelihood concerns
7 minutes -
How Ghanaian tycoon Manoj Lakhiani built a water and plastics empire from a $25,000 loan
8 minutes -
GoldBod recovers GH¢38.7m of GH¢55.8m outstanding receivables; remainder subject to legal action – Sammy Gyamfi
15 minutes -
GEXIM Bank donates GH¢200,000 worth of medical equipment to Korle-Bu Child Health Department
18 minutes -
Majority rejects Minority’s claims over GH¢49.7m South Africa evacuation
20 minutes -
GEXIM urges banks to support refurbishment of Korle-Bu Teaching Hospital’s Child Health Department
23 minutes -
Don’t appoint your cheerleader as referee
27 minutes -
Ghana needs stronger international cooperation to fight cybercrime – CSA
29 minutes -
CSA warns of growing cyber threats as Ghana’s digital dependence increases
36 minutes -
USTED dean warns GAUA strike could disrupt Ghana’s restored academic calendar
49 minutes -
Bechem meat processing factory 50% complete, set for March 2027 completion – Kwakye Ofosu
1 hour -
NDC can appoint whoever they want to EC, but Ghanaians will make a decision in 2028 – Titus Glover
1 hour -
GoldBod initiative has created over 1,300 public and private sector jobs – Sammy Gyamfi
1 hour