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
-
Foreign investors’ debt holdings fall to GH₵13.4bn in 2024 – Report
55 minutes -
Huge crowds gather in Israel calling for hostage deal and end to Gaza war
2 hours -
More than 200 missing in flood-hit district in Pakistan, official says
3 hours -
Putin agreed to ‘robust’ security guarantees for Ukraine, says US envoy
3 hours -
One arrested in Mpohor gold shop robbery, manhunt launched for accomplices
4 hours -
Asantehene marks ‘Kuntunkuni Dae’ in black and brown without ornaments
4 hours -
Barker-Vormawor criticises GTEC over professorial title controversy
5 hours -
Alan Kyerematen unveils 10-point action plan to end galamsey after helicopter tragedy
7 hours -
Mahama embarks on official visits to Japan and Singapore
8 hours -
Families of late Omane Boamah and Peter Anala receive blessings at thanksgiving mass
8 hours -
Palestinians flee IDF attacks on Gaza City as Israelis protest against occupation plan
11 hours -
Loyalty programmes in Ghana: The next frontier in customer retention
13 hours -
Bright Atter: “No refunds” by retailers is just a scarecrow
13 hours -
Stop using ‘unearned’ academic title or face us in court – GTEC writes to Chief of Staff on Deputy Minister of Health Grace Ayensu-Danquah’s title
13 hours -
Central Regional Police hunt armed robbers after foiled bank attack
13 hours