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Finance & InvestmentTue, 1 Nov, 22

Keep Your Investment With Government, It’s The Safest – Prof Quartey

Keep Your Investment With Government, It’s The Safest – Prof Quartey

Professor Peter Quartey, the Director of the Institute of Statistical, Social and Economic Research (ISSER), has encouraged Ghanaians and investors to continue to keep their investments in Government securities.

Government securities, including Treasury Bills and Bonds are debt issuances used to fund daily operations and projects of the government, which guarantee the full repayment of invested principal at the maturity date and interests.

Prof Quartey’s advice comes amid speculations and fears in the economy as the International Monetary Fund (IMF) conducts a Debt Sustainability Analysis of Ghana for the Fund’s support programme.

The loan facility is to support the Government’s homegrown economic programme, which is aimed at ensuring macroeconomic stability and resilience to lessen hardship in the country.

In an interview with the Ghana News Agency on the side-lines of the launch of the 31st edition of the State of Ghana Economy Report, Prof Quartey said there was no need for investors to withdraw from any government securities.

He assured investors that their funds were safe with the Government amid the ongoing hardship and  “Despite the rise in interest rates, we’re recording a negative real return.” he said.

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