THE Ghana Stock Exchange (GSE) is poised to ensure every Ghanaian becomes financially literate, Managing Director of the Exchange, Ms Abena Amoah, has stated.
The GSE, with the support of various partners “will work to secure a better financial future for our people”.
Ms Amoah was speaking at the 2023 edition of the ‘Ring The Bell For Financial Literacy Programme’ held in Accra last week.
The theme for this year’s programme was ‘Investor Resilience’ and saw the participation of selected Senior High Schools (SHS) such as Accra Academy, Presec, St. Mary’s and Accra Girls Senior High School who showed up to discuss investor resilience from the perspectives of the youth.
With the current economic challenges across the globe and in our own environment as well as the uncertainties that investors face, GSE believed that the theme for this year ‘Investor Resilience’ “is very relevant.”
She noted that “it has become more crucial than ever for investors to equip themselves with the necessary tools to weather the storms in this ever-evolving investment landscape.”
“GSE believes that embedding financial literacy is a call to national duty and we need the support of all stakeholders to make it happen. Financial literacy should be incorporated into our school curriculum to teach our children the basics of savings and investment,” Ms Amoah stated.
By taking proactive measures to build resilience such as setting realistic investment goals, staying informed about market trends and seeking professional advice, investors were in a better position to maintain their emotional well-being even during challenging times
t with the current economic challenges across the globe and in our own environment as well as the uncertainties that investors face, GSE believes that the theme for this year ‘Investor Resilience’ is very relevant.
It had become more crucial than ever for investors to equip themselves with the necessary tools to weather the storms in this ever-evolving investment landscape
Chief Executive Officer (CEO) of the Central Securities Depository, Mr. Joseph Lartey, observed that in light of the current challenging economic landscape, both on a global and national scale, investors face heightened exposure to growing economic pressure. Consequently, they are contending with greater levels of risk in their investment choices than ever before.
According to Mr Lartey addressing a topic of this nature could significantly benefit investors by equipping them with the essential knowledge required to effectively diversify their investment portfolios and mitigate the inherent risks associated with their investment decisions.
“This subject matter would enable investors to proactively prepare for life’s uncertainties and mitigate the impact of adverse economic conditions, such as inflation, on their financial well-being we are living in economic uncertainties, and the current challenging environment has indeed stretched and tested the resiliency of investors,”
As the premier financial market infrastructure responsible for safeguarding issued securities and overseeing clearing and settlement operations in our nation’s securities market, we are firmly committed to contributing to the enhancement of investor resilience within our market.
Three notable considerations immediately arise: product diversification, technological innovation, and harnessing the wealth of insights hidden within the terabytes of data under our stewardship to revolutionize transparency in the marketplace
Enhancing market transparency through innovative initiatives is pivotal to fostering investor resilience within our market. It is crucial to offer investors near real-time access to transactional updates regarding their securities accounts.
Until recently, many of us may not have been aware of the existence of our CSD Securities Accounts, which are designed to manage and monitor investor activities and balances in the securities market.
To advance market transparency and provide timely information to investors through our system, the CSD has initiated a project to introduce an Investor Portal specifically for this purpose.
Mr Lartey noted, “we strongly believe that this initiative will significantly empower investors with comprehensive insights into their securities accounts, thereby contributing to the overarching objective of enhancing investor resilience.”
