Financial Coach speaks on how to invest in the Ghana Stock Exchange
Ghana’s stock market has gained traction in recent times as more individuals seek alternative investment opportunities beyond traditional savings and fixed-income instruments.
Gone are the days when investors rushed solely for government instruments such as Treasury bills. The narrative is now changing.
The Ghana Stock Exchange (GSE), established in 1990, serves as the country’s primary platform for trading equities, bonds, and exchange-traded funds. It plays a critical role in mobilising long-term capital for businesses while offering investors the opportunity to participate in corporate growth.
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Sharing insights on GhanaWeb’s BizTech, hosted by Sisl Prempeh, financial coach Benjamin Anane Asamoah explained how the GSE works and how individuals can invest.
He noted that investing in Ghana’s stock market begins with opening a securities account through a licensed stockbroker, describing this as the surest way to make sound financial decisions when it comes to stocks.
Anane Asamoah added that stock investments are typically long-term compared to other investment options.
“You can start investing small and grow gradually. That’s what I suggest to the people I mentor. You don’t have to look at stocks as short-term. For example, if you are investing in stocks, you should focus on at least three years. You can still make money along the way,” he said.
He further advised potential investors not to view stock investments as a form of gambling.
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Source:
www.ghanaweb.com