In 2015, 116,260 investors opened new accounts with the Central Securities Depository (Ghana) Limited (CSD) to invest in treasury bills, bonds and/or shares.
This means that a total of 846,269 investor’s accounts have been opened at the depository for debt and equity investments.
The Chief Executive Officer of the depository, Mr Stephen K. Tetteh, told the Daily Graphic in Accra that the present figure showed that more people were investing in the securities market.
While commending the development as a positive step, Mr Tetteh said: “it was still a drop in the ocean,” given the size of Ghana’s population.
With an adult population of more than 12 million people, the CEO said it was unimpressive that under one million people had opened investor accounts with the CSD.
He explained that local investors mostly invested in short-term securities such as the treasury bills and notes unlike the foreign investors who come in for the long-dated instruments.
Source: Graphic Online