View Full Version : Gold Coast Securities introduces new product in Kumasi

15th December 2011, 07:39 AM
Gold Coast Securities Company has introduced its Gold Money Market Fund (GMMF) to the investing public in Kumasi.

Head of Research, Samuel Kofi Ampah says the mutual fund promises high yielding interest on savings for prospective clients.

He says the product offers opportunities for low and middle income earners to maximize potentials for business expansion as well as meet the educational and other financial needs at low risk.

“Many of them [investors] want an investment vehicle with less risk but with the capacity to maximize returns for them in the short term, which is significantly above T-Bills, to enable them meet their specific financial obligations,” he told Luv Fm.

According to Mr. Ampah, the GMMF offers a unique solution to prospective investors to invest in short-term instruments.

The fund requires a minimum initial subscription of GH˘50 for 500 shares. The initial public offer which opened on November 17 ends on Friday December 16, 2011.