Integrity Fund Management Ltd.

24/06/2022

Investing means many different things to many different people – investment opportunities are varied and have a common perception as something for the financial elites with money to spare and expertise close to hand.

Depending on your investment budget and interests there are a range of options but one thing is clear; investing is open to all.

We are sharing one myth of developing your investment portfolio:


"You have to be rich to start investing"
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www.integrityghana.com
0322027475
0501585925

23/06/2022

The Different Ways One Can Their

There are quite literally thousands of options out there.

Some might make sense based on your long-term goals while some others might not.

Let’s talk about some investment options for you in Ghana.

www.integrityghana.com
0322027475
0501585925

22/06/2022

Tips to Your

Do You Invest?

There are numerous ways to invest your money.
While investing, there are 3 main reasons that drive most people to their investment decisions:
👉 Return on investment.
👉 Growth in investment.
👉 Liquidity. Curious to know more?

Contact Integrity Fund Management Ltd. to find out how you can grow your wealth.

www.integrityghana.com
0322027475
0501585925

21/06/2022

Tips to Properly Setup a Financial Budget

Try it once and you’ll never go back to the traditional way of budgeting.

A budget is nothing more than how you use your money.

You can automate every aspect of your life, why not your finances?

Start by setting up your personal budget today.

www.integrityghana.com
0322027475
0501585925

20/06/2022

💙

Someone once asked Warren Buffett how to become a better investor. He pointed to a stack of annual reports.

“Read 500 pages like this every day,” he said. “That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.”

There is no secret to being a great investor. Like everything else that we do, we have to practice, practice, practice. There is no shortcut.

www.integrityghana.com

0322027475

0501585925

17/06/2022

Integrity Fund Management Schools Managers Training

Integrity Fund Management Ltd. has put together a day's training to sharpen the managerial skills of A-G Co-operative Savings and Social Services Union Limited, known as AGASSCO

13/06/2022

Inflation hits 27.6% in May

Ghana's Consumer Price Inflation accelerated to 27.6% year-on-year in May from 23.6% in April hitting a new 18-year high, the Statistical Service said on Wednesday, June 8, 2022.
This means that in the month of May 2022, the general price level was 27.6% higher than in May 2021 and more than double the government's targeted band of 6% to 10%.

The Ghana Statistical Service figures also indicated that month-on-month inflation between April 2022 and May 2022 was 4.1%.

Disaggregation

The data also indicated that food inflation was up 30.1% from 26.6% last month and month-on-month food inflation was 4.0%. Per the data oils and fats, water, cereal products and fruit and vegetable juices have seen the largest increases in prices this year.

Non-food inflation was 25.7% up from 21.3% last month and month-on-month non-food inflation was 4.1%.

Inflation for locally produced items was 27.3 while that of imported items was 28.2%.

Outlook

Government Statistician Samuel Kobina Annim told reporters that a downtrend in food inflation in the coming months would be dependent on the availability of fertilizer and favourable rains.

"If you look at the inflation figures, you would see the dominance of the food items, the expectation is that once we get into the harvest season and barring any other policy interventions that might counter the returns of the harvest, we are expecting to see a reversal of the increases in prices," he said.

READ MORE: 👇👇👇
https://www.graphic.com.gh/business/business-news/inflation-hits-27-6-in-may.html

13/06/2022

Stock Market Hits Record High For Value Traded in May

The value of stocks traded on the ( ) reached an all-time-high (ATH) in May, as the local bourse saw shares worth GH¢607.31million change hands.

The uptick in market activity ensured that by end of the period the cumulative value of shares traded on a year-to-date (YtD) basis was GH¢1.02billion – a 295.12 percent increase over the comparable period of last year. This was driven by the volume traded (657,115,501), which was up 1,015.12 percent on the 2021 figure.

This comes despite the equities market enduring a period of sustained downturn – with the benchmark composite index (GSE-CI) declining by 8.41 percent as at the end of May. The flameout has been induced primarily by investor concerns over prevailing macroeconomic conditions, as they alter their portfolios in favour of fixed income securities due to higher rates and presumed safety.

Market analysts have however stated that the flurry of activity on the market bodes well for development of the local market, as it points to improved liquidity – a problem that has proven hard to resolve for stakeholders.

“While there is a temptation to run in one direction when we look at the composite index alone, we must remain alive to the many nuances. We are seeing a record level of activity on the market in terms of volumes and value traded, and this is better than the market staying stagnant,” one analyst, who pleaded anonymity as he was yet to obtain clearance to speak on the matter as at the time of filing the report, explained to the B&FT.

The analyst however added that the weight which certain stocks hold, and their ability to tilt the market in one direction or another, is an issue operators of the GSE must look to address in the near term.

READ MORE: 👇👇👇👇

https://thebftonline.com/2022/06/13/stock-market-hits-record-high-for-value-traded-in-may/

13/06/2022

to launch public financial management academy to build capacity in African countries

The Board of Directors of the African Development Bank on Wednesday approved the creation of a virtual academy to build public financial management capacity in African countries. Countries will receive technical assistance through structured, targeted, dedicated and local training as well as through policy dialogue.

The academy, hosted within the African Development Institute of the African Development Bank Group, will deepen partnership with the International Monetary Fund, the World Bank and African countries to improve public financial management practices in Africa. Other implementing partners include key regional public financial management institutions, regional technical assistance centers, universities, and national public administration training institutes.

The training, technical assistance and policy dialogue delivered by the academy will cover upstream and downstream issues in the public financial management cycle, tailored to the specific needs of African countries.

The training modules will cover, among others: macroeconomics and planning, fiscal policy forecasting and modelling; prudential budgeting and expenditure management; domestic and external revenue mobilization; debt management and transparency; public-private partnerships in public finance management; strengthening supreme audit and accountability systems; and curbing corruption and illicit financial flows. In addition, cross-cutting issues will also be taken into account, including institutional, legal, and regulatory processes and human capacity governance.

READ MORE: 👇👇👇https://www.afdb.org/en/news-and-events/press-releases/african-development-bank-launch-public-financial-management-academy-build-capacity-african-countries-52335

08/06/2022

AfDB moves to raise capital to support member states

THE African Development Bank (AfDB) has begun negotiations with its Board of Governors for the amendment of regulations around the African Development Fund (ADF), which is the lending arm of the AfDB Group.

The amendment is aimed at granting access to the ADF to allow it leverage its resources to raise additional money from the capital markets and on-lend to African countries at a cheaper coupon rate.

Speaking in an interview with the Graphic Business on the side lines of the just ended AfDB Annual Meetings in Accra, the Acting Chief Economist of the AfDB, Professor Kevin Urama, said the ADF was specially created to support vulnerable countries in Africa.

He said the fund, over the years, had been very instrumental in helping the continent, especially countries who do not have access to capital markets.

This year, the ADF turned 50 years, and in the 50 years, it has provided over $45 billion in support of African countries.

In Ghana, some of the projects that have been financed with this fund include the Kotoka International Airport and the recently commissioned 4-tier Pokuase road interchange.

Professor Urama said although the fund had done tremendously well over the years, the continent’s rising challenges such as food insecurity, poverty and climate change meant that the fund must be replenished to be able to do more.

“Considering what is happening now, climate finance is not even going to African countries because of the structure of the economies.

“So replenishing the ADF to provide more concessional financing for highly vulnerable countries that are buffeted by climate change, Russia/Ukraine war and all the other challenges is just the human thing to do now.

“We are requesting for a change of the charter of that fund to allow the fund to go to the capital market and leverage every dollar we receive by about four times so that these countries will receive more than the donor communities are providing,” he explained.

https://www.graphic.com.gh/business/business-news/afdb-moves-to-raise-capital-to-support-member-states.html

07/06/2022

Partner with the private sector to develop the local economy – Vice President urges MMDAs

The Vice-President, Dr. Mahamudu Bawumia, has urged the Metropolitan, Municipal and District Assemblies (MMDAs) to partner with the private sector to develop the local economy.

He said: “This is to move the MMDAs from provision of essential services to promotion of enabling environment for the private sector to partner with local authorities to develop and sustain businesses, create jobs and reduce poverty through mobilisation of local, natural and human resources, as well as value addition”.

The Vice-President made these remarks at the 21st Biennial National Delegates Conference of the National Association of Local Authorities of Ghana (NALAG) held at the Great Hall of the Kwame Nkrumah University of Science and Technology, Kumasi.

He said government through the decentralisation policy framework included the local economic development as one of the five key pillars of the policy underpinnings of our national decentralisation policy and strategy.

Dr. Bawumia indicated that: “Our MMDAs are not only agent of political participation, but agent for economic development”.

He said the theme of the conference: ‘Building the future together; the Role of Local Authorities’, is in line with government’s vision of ‘working together, bouncing back together’, and that a great responsibility lies with the MMDAs to bring development to our communities.

The Executive Chairman of the Jospong Group of Companies, Dr. Joseph Siaw Agyepong, in a presentation at the conference, highlighted the role of the private sector in bringing development and creating jobs in the various MMDAs through effective Public Private Partnership (PPP) arrangements.

He mentioned the construction of Integrated Recycling and Compost Plants (IRECOPs) in all 16 regions as a timely project to produce the needed organic fertiliser to boost the agricultural sector.

READ MORE 👇👇👇
https://thebftonline.com/2022/06/07/partner-with-the-private-sector-to-develop-the-local-economy-vice-president-urges-mmdas/

06/06/2022