Business News of 2014-07-17

Investment awards slated for July 26

The fourth edition of the annual Ghana Investment Awards (GIA) is scheduled to take place in Accra on Saturday, July 26, 2014. Organised by the Premier Networking Investment Club (PNIC), the GIA seeks to recognise the efforts of players in Ghana’s capital market, with a view to rewarding investment excellence and exceptional performance.

Speaking at the launch of the awards, the President of the PNIC, Mr Kelvin Abdallah, said this year’s edition of the awards was dubbed, ‘GIA 2013’ and it was specifically to motivate and encourage investors to maximise their potential to contribute to the growth of the economy.

According to him, the investment industry contributed its quota to the development of the Ghanaian economy and it was, therefore, appropriate to recognise the players in the industry whose efforts contributed to the growth of the economy.

The Chairman of the Ghana Stock Exchange, Dr Sam Mensah, said the capital market in Ghana had not really ignited discussions in Ghana, despite its contribution to the growth of the economy.

He explained that the capital market provided long-term capital in various forms to support the growth of the economy, adding that it was difficult to finance a service-dominated economy with debt. Dr Mensah was, however, quick to ask whether the equity market in the country was up to the task to finance the economy.

Award categories

The GIA was introduced in 2010 to celebrate and honour investors who, through ingenuity, hard work and perseverance, had created and sustained successful businesses with national, sub-regional and global presence.

The awards are in the following categories: Investment Advisor of the Year, Broker-Dealer of the Year, Market Research of the Year and Best Growing New Investment Firm of the Year. The others are: Deal of the Year, Equity Fund of the Year, Balance Fund of the Year, Money Market Fund of the Year and Best Performing Stock of the Year.

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