Audio By Carbonatix
Gold Coast Securities Company has introduced its Gold Money Market Fund (GMMF) to the investing public in Kumasi.
Head of Research, Samuel Kofi Ampah says the mutual fund promises high yielding interest on savings for prospective clients.
He says the product offers opportunities for low and middle income earners to maximize potentials for business expansion as well as meet the educational and other financial needs at low risk.
“Many of them [investors] want an investment vehicle with less risk but with the capacity to maximize returns for them in the short term, which is significantly above T-Bills, to enable them meet their specific financial obligations,” he told Luv Fm.
According to Mr. Ampah, the GMMF offers a unique solution to prospective investors to invest in short-term instruments.
The fund requires a minimum initial subscription of GH¢50 for 500 shares. The initial public offer which opened on November 17 ends on Friday December 16, 2011.
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.
Tags:
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.
Latest Stories
-
Greater Accra Minister retracts ‘Northern posting’ comment, issues apology
4 minutes -
COP Maame Tiwaa to address Commonwealth Anti-Corruption Conference in Cameroon
49 minutes -
Ghana Reference Rate dips to 10.03% in May, signalling possible loan rate cuts
1 hour -
Gov’t evacuates man in viral South Africa xenophobia video attack
2 hours -
From grain pickers to road works: How an Upper West tour shifted Agbodza’s focus
2 hours -
Awoshie-Barnyard crash leaves four seriously injured, triggers heavy traffic
2 hours -
Dog heads don’t prevent heartbreak – ICS debunks growing myth
2 hours -
Flying with two wings: Africa’s opportunity to strengthen economic governance
2 hours -
Callistus Mahama: Before the race begins; A call for discipline, reflection, and duty
3 hours -
Health Ministry blames procurement irregularities and payment dispute for Weija Children’s Hospital delay
3 hours -
Greater Accra Minister apologises over Northern posting remarks
3 hours -
Nigeria opposition alliance falters as two leading figures quit, clouding 2027 unity push
3 hours -
Oil prices ease as US pauses Project Freedom to seek deal with Iran
4 hours -
Mission is to preach peace, says Pope in response to Trump attacks
4 hours -
Nigeria supplies less than half of allocated crude to refineries in early 2026
4 hours