Topic: Investor Seminar News – Government Asked To Pass Fiscal Responsibility Law – Modern Ghana

Dr Peter Quartey, a Research Fellow at the Institute of Statistical, Social and Economic Research (ISSER) of the University of Ghana yesterday stressed the urgent need for enactment of the proposed law to improve fiscal discipline and promote prudent financial administration to minimise corruption among institutions. While advocating for infrastructural development, Dr Quartey also called for action to be expedited on modernising agriculture and private sector development, as well as reducing cost of credit and cost of doing business, and improving access to such facilities for rapid economic growth. Mr William Mensah, Head of Ecobank Development Corporation Stockbrokers, who gave a presentation on the topic; 'The promise of a bear market,' advised investors not to lose interest in their investment because of jittery market fluctuations. Mr Mensah said when investors sell their stocks because of the market fluctuations, it will rather provide liquid investors with a good bargaining power to buy such stocks at their preferred prices and later make profit when the market picked up. read more

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