One of Ghana’s leading media conglomerates, Media General, has launched its Economic Dialogue Series aimed at holding discussions bordering on issues within the economic sector. They are also expected to share ideas and proffer solutions towards building a strong Ghanaian economy. These series, the first of which took place on Thursday, October 18, will bring together resource persons to hold dialogues on different topics. The maiden one was themed: ‘Investment in the Face of Ponzi Schemes: How Do We Clean the Mess?’ Acting General Manager of Media General News Abraham Asare indicated that in the face of happenings within the financial sector in recent times, the group will remain committed to discussing and helping find solutions to issues that have real impact on the lives of Ghanaians. “At Media General, we are committed to focusing on issues that have real impact on the lives of our audience, and we are excited about today’s conversation. “It is our hope that our audience and the general public will find this session instructive as we collectively work towards restoring confidence in Ghana’s financial sector and protecting depositors and investors,” Mr. Asare emphasized at the maiden edition of the Economic Dialogue series. The event on Thursday brought together experts from the financial sector as well as analysts and stakeholders within the banking sector. Speakers tackled the core history of the emergence of Ponzi schemes and how to rid the system of such schemes. The Deputy Director General of the Securities and Exchange Commission (SEC), Paul Ababio, touched on investment risks and the need for information flow on the investment market. Private Legal practitioner Ace Ankomah also spoke about Ponzi schemes and the laws of Ghana, raising questions on the existence of laws which are yet to be enforced to ensure these schemes are dealt with.
Taking his turn at the Dialogue, Vice President of Imani Africa Kofi Bentil noted that regulators must be proactive whenever they see the signs of a Ponzi scheme if the country is to avoid them. President of the Bankers Association of Ghana Alhassan Andani assured all and sundry that the financial sector is still resilient despite recent happenings. Individuals were cautioned to be vigilant in their dealings with fraudulent institutions.
Source: 3news.com| Ghana]]>