‘Investors Confident’ - Bank boss

Gilbert Hie, Managing Director of SG-SSB, has noted that investors in the country would not be perturbed should the December 2012 elections turn in favour of a new administration.

Speaking to CITY & BUSINESS GUIDE recently in an interview, Mr Hie said investors’ confidence in Ghana was hinged on the fact that the country has established itself internationally as a democratic nation that places premium on its economic development.

As a result of this, there is no way its good people, from both divides of the political arena, would allow themselves any temptation to soil such a reputation with confusion and mayhem, he indicated.

“Ghana is a democratic state and so we are confident that a change in government won’t scare off investors even though election years have often been characterized by high spending,” Mr Hie emphasized.

The MD therefore called on Ghanaians to deposit with large banks, particularly, those that have attained the GHC60 million capital base requirement directed by the Bank of Ghana (BoG) including banks that have recently merged.

He also called on government to empower the people economically, adding that this could be done by ensuring that the country’s GDP growth translates into the distribution of more revenue to the people.

SG-SSB is one of the 15 primary dealers in government bonds and treasuries.

It also engages in foreign exchange hedging, growth of investment portfolios and foreign exchange.