Business News of Friday, 4 August 2017
Managing Director of McOttley Capital Limited, Mrs. Happy Forson has disclosed that the number of investments recorded in the first half of 2017 as against late 2016 by her outfit indicates that Ghana’s economy is making progress.
According to Mrs. Forson, in late 2016, the company witnessed some setbacks as a lot of investors withdrew their investments due to loss of confidence in the economy which in turn resulted in a decline in savings leading to low investment by businesses and individuals.
However, speaking in an interview with ghanaweb.com in Accra Friday, she observed that the happenings in the macroeconomic space and responses from clients of the McOttley Capital in the first half of 2017 show confidence in the economy have been restored.
“I think the economy is on track because we hardly had individuals coming around last year, especially during the 2nd half of 2016 to invest. We rather had a lot of people withdrawing their investments.
“For now, for the 1st half of this year 2017, we’ve recorded a lot more investment especially in the individual clients so I want to believe that as a fund manager, responses from my clients tell me that the economy is somehow on track,” Mrs. Forson observed.
She commended government for fixing upward the minimum wage, which according to her, will boost investment.
Mrs. Forson also urged government to create an enabling environment for companies, SMEs and individuals to grow their businesses so that people can invest more.
“If you invest, it makes you take care of future expenditures so my request to the movers of the economy is for them to create an enabling environment for people to have some disposable income and also save, and by extension invest,” she urged.