Jerry Boachie-Danquah, Head of Marketing and Public Relations at the Ghana Stock Exchange has intimated that the Ghanaian stock market is on the recovery path and will fully pick up once the economy finally picks up.
The Head of Marketing and Public Relations, thus, urged investors and potential ones to have confidence in the stock market as trading is picking up.
“People should have confidence in the market. A lot more companies have begun to release their results and we believe that once that happens, a lot more people will want to put their money in the various equities.
“This year has started slowly and that has always been the case; it starts slowly and picks up in the second quarter. We have seen that it is picking up. So, we are very optimistic that once the economy picks up, the stock market will also pick up fully. And as we also step up our educational efforts, a lot more people will get to know about the opportunities at the Exchange.”
Jerry Boachie-Danquah
Mr. Boachie-Danquah, who was speaking at the Young Investors Network tour at the University of Ghana, Legon, noted that his outfit has realised low participation of local folks due to inadequate knowledge on the stock market, hence, managers of the Exchange are employing measures to educate the citizenry.
“The whole idea with the collaboration with the Youth Network is to enhance financial education and to embed savings and investment culture among people in the country.”
Jerry Boachie-Danquah
Strategies to Create Awareness About GSE
Mr. Boachie-Danquah disclosed some of the strategies that the Ghana Stock Exchange is embarking on to create awareness among the investing public. He, therefore, emphasized on the importance of the capital market and asked Ghanaians to embrace it.
“As an exchange, this is one of our strategies: to ensure that we enhance financial literacy and get people to invest in the exchange, and beyond that, make investment part and parcel of their lives.
“We are starting a journey where we think awareness and visibility of what the GSE does, and for that matter the capital market as a whole, is important. I think a lot more Ghanaians need to know more about what we do and the opportunities that the stock exchange provides.”
Jerry Boachie-Danquah
President of the Young Investors Network (YIN), the financial education organisation committed to educating the youth in financial literacy, business skills and preparing the next generation of investors, Joshua Mensah, noted that his outfit will continue the tour to other universities in the quest of raising awareness about the Ghana Stock Exchange and financial literacy.
Mr Joshua Mensah indicated that YIN has so far impacted over 100,000 students from Junior High Schools to tertiary institutions, and with the support of the GSE, a lot more projects have been done and are in line to widen the scope on stock market and financial literacy.
“We want to do practical finance training; we want to bring industry to the classroom. We will soon launch the Junior Investors Club for the Junior High Schools to help the younger folks easily know about the stock exchange, the financial market and financial literacy from a young age.”
Mr Joshua Mensah
The President of the Young Investors Network stressed that his outfit will continue to tour other universities in the quest of raising awareness about the Ghana Stock Exchange and financial literacy.
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