SGL Royal Kapita Limited starts operations

A new financial investment advisory institution, the SGL Royal Kapita Limited, officially opened for business on Wednesday, pledging to provide informal workers innovative investment instruments.

The Company, a wholly owned advisory subsidiary of Stepwise Group Limited (SGL), a Ghanaian based business entrepreneurial development and capacity building firm, aims at bringing on board innovative ways of conducting the investment banking business in Ghana, Africa and the world at large.

The initiative targets farmers and other agriculture sector workers as well as those in the informal sectors, to help them determine retirement income goals, and actions and decisions necessary to achieve such goals.

Dr Bernard Tetteh-Dumanya, Chief Executive Officer of SGL Royal Kapita, said the Company had introduced among other services an investment service package aimed at supporting organisations and individuals working in the Agricultural sector.

He said though Ghana is doing well in the Agricultural sector, the fundamentals still remains fragile due to insecurity and the high risks associated with the area.

“We need to help farmers to identify and consolidate their sources of income,” adding the company is set to develop savings and pension programmes tailored to meet the needs of those in the Agricultural Sector.

“The essence of this is for farmers to secure steady cash flow for an individual during and after their retirement years…”

“We have built systems, structures and processes which are comparable to what investment banks in the world over are operating with,” he said.

He said the company has also developed a strong corporate governance system with an independent investment committee, which would employ world-class techniques to secure and deliver optimum returns on the investments of its clients throughout the changing scenes of the national economy.

Dr Tetteh-Dumanya said the company would root all its work on strong ethical and moral values, thus its choices and behaviours would be aimed at making ethically sound decisions to the benefit of clients.

He gave the assurance that the Company would be committed to delivering customised financial solutions to both individuals and organisations and would remain professional in the discharge of its services to its clients.

The Right Reverend Professor Emmanuel Martey, Moderator of the Presbyterian Church of Ghana, said Ghana’s growth and development depends on the agriculture sector, which is the lifeline of the economy.

He commended the Board and management of SGL Royal Kapita for making ethics and morality the hallmark of its investment drive.

He said these are the qualities needed to promote the safety and security of society in the era of global wickedness due to negative investments which promotes businesses link to drug cartels, alcohol and arms among other things.

Sheikh Osmanu Nuhu Shaributu, National Chief Imam, pledged the support of Islamic community towards the business initiative.