Why Ghana needs a new financial sector regulation architecture ghanavisions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanavisions.com Daily Mail and Mail on Sunday newspapers.
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The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Tuesday, 1st December 2020, launched a pension scheme for the country’s 1.5 million cocoa famers.
According to President Akufo-Addo, “the Pension Scheme will enable cocoa farmers to make voluntary contributions towards their retirement, whilst COCOBOD makes a supplementary contribution on behalf of the farmers as well.”
This, he explained, “guarantees a decent retirement income for cocoa farmers for life, and ensures that they can maintain decent livelihoods after retirement.”
Launching the Pension Scheme at the Jubilee Park in Kumasi, as part of his 3-day tour of the Ashanti Region, President Akufo-Addo there millions of cocoa farmers across the country who are responsible for the production of a crop, that has, for over a century, been the mainstay of the economy of the country.
The NIMED Lifetime Unit Trust is described in its prospectus as an open-ended fund, which is established with the aim of investing in fixed-income securities that will provide investors with capital preservation, income and growth in the medium to long-term.
Addressing the virtual launch of the IPO on Wednesday via Zoom, officials of NIMED Capital Limited stated that the Fund is initially offering a minimum of 1,500,000 Units at an initial cost of GHS 0.20 per Unit. The minimum investment purchase of Units under the IPO is set at 1,500 Units (GHS300) and thereafter in multiples of 250 Units (GHS50).
The initial offering period for Units of the NIMED Lifetime Unit Trust commences from 8:00 am on March 3, 2021, and ends at 5:00 pm on March 23, 2021, with Fidelity Bank as the Trustee.
NIMED Capital Limited focuses on Ghanaian fixed income market with Unit Trust IPO launch graphic.com.gh - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from graphic.com.gh Daily Mail and Mail on Sunday newspapers.
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The Executive Director of the State Interest and Governance Authority (SIGA), Mr Stephen Asamoah Boateng, has explained that the presidential directive on the dissolution and reconstitution of statutory boards and corporations does not affect state-owned enterprises (SoEs) that are limited liability companies and those listed on the Ghana Stock Exchange (GSE).
Consequently, he said, SIGA had written to the Office of the Chief of Staff to issue a communique to that effect to help bring clarity to the matter.
Mr Boateng disclosed this in an interview with the Daily Graphic yesterday to throw more light on the directive issued by the Chief of Staff, Mrs Akosua Frema Osei-Opare, last Tuesday.