President of Groupe Nduom (GN,) Dr. Papa Kwesi Nduom, has had a lunch session with selected customers of one of the entities under GN, Gold Coast Fund Management Limited (GCFM,) in Takoradi in the Western region.
According to Corporate Affairs Manager, Richmond Duke Keelson, the move is to appreciate long standing and loyal clients of the company.
The move which is gradually becoming a norm in Groupe has already been replicated in the Ashanti and Central regions.
Key clients of the investment company who are in the manufacturing and services sector, educational institutions and individual entrepreneurs were hosted at the plush Atlantic Hotel in Takoradi on Friday, September 9, 2016.
Addressing the clients, Dr. Nduom thanked all the clients and their employees on behalf of the board of directors of GCFM for doing business with them for years.
He said some clients started business with the company when it was Gold Coast Securities then – hence some of the relationships have existed for close to 20 years.
“The company prides itself in the fact that it has not lost a pesewa of clients’ moneys and have also added value to investments of the clients,” he said.
He appreciated the clients for the trust reposed especially in a system where there is minimal trust.
Dr. Nduom admitted that actions of certain fund managers in the country have caused mistrust among the investing public, he however assured that his outfit is committed to proving to clients and the investing public that they are better.
He urged Ghanaians to learn from persons who are investing moneys and are accruing benefits which benefits are translated into assets – cars, houses etc. and not wonder how people like that make their worth.
Dr. Nduom further indicated that tours across the country have revealed that clients prefer short term investments usually which lasts for a 91-day period.
He bemoaned the practice saying that long term projects give higher returns unlike short term ones.
Against this counsel, he charged them to consider long term investments which abounds more in Ghana and anticipate great returns some even in US Dollars.
He announced that managers at GCFM have been asked to tailor long term products for the considerations of clients and disclosed that a 401(k) programme [In the United States, a 401(k) plan is the tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Under the plan, retirement savings contributions are provided (and sometimes proportionately matched) by an employer, deducted from the employee’s paycheck before taxation (therefore tax-deferred until withdrawn after retirement or as otherwise permitted by applicable law), and limited to a maximum pre-tax annual contribution of $18,000 (as of 2015)] he joined contributed to the capital he used in starting some of the businesses he owns in Ghana.
A question and answer session was also held where clients asked questions on various aspects of investing with GFCM and general investments.
A GN Electronics TV set and a setup box [decoder] was awarded to Carl Fosu who is the longest standing client of GCFM in Takoradi, another TV set was awarded to another client through a draw.