Ghanaian investors urged to focus on bonds in 2019 for best returns

Dollars
  • In 2019, Ghanaian investors have been encouraged to focus on bonds.
  • The Head of Wealth Management at the Standard Chartered Bank said investment in bonds this year will guarantee strong returns.
  • Setor Quashigah also added that it is best to invest in products that can make cash readily available to investors.

The Head of Wealth Management at the Standard Chartered Bank, Setor Quashigah has entreated investors to focus largely on bonds in 2019 for them to enjoy the best returns.

She was speaking at the bank’s 2019 Global Outlook and its Wealth Offerings in Accra.

Mrs Quashigah explained that the prudent investment in bonds this year will guarantee strong returns.

“This year, our investment theme is ‘A Year to Prepare and React’. Prepare and react because we’ve seen a few trends here and there and we are advocating that, for instance, don’t tie yourself up into very tight equities and keep it simple, be nimble enough to be able to move when the tides change. What we’ve also said is that if you look at the current trend, emerging market bonds are the way to go, including Ghana bonds.”

She also added that it is best to invest in products that can make cash readily available to investors. She indicated that it is only prudent to maintain some instruments that can be easily liquidated.

“We’re not asking people to keep money in their savings or current accounts idle. What we are saying is yes, keep some idle but also invest in funds you can quickly get out of and move into some other funds.”

This advice has become necessary especially because of the poor choices of investments some Ghanaians have made in the past.

An example is the investment in Menzgold Ghana where customers are now agitated because it seems their principals and returns have all gone down.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Top 10 happiest countries in Africa in 2022

Top 10 happiest countries in Africa in 2022

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

These 6 countries have the highest unemployment rates in Africa

These 6 countries have the highest unemployment rates in Africa

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Top 10 African countries with the highest corporate tax rates

Top 10 African countries with the highest corporate tax rates

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match