Business News of Monday, 10 July 2006

Source: GNA

New financial newspaper launched

Accra, July 10, GNA - A new financial weekly newspaper,

Ghana Market Watch, was on Monday launched in Accra with

the aim of interpreting the financial market to all categories of

persons. Reportage would be done through investigation and

analyses of issues affecting the financial sector by breaking

them down for easy comprehension.

The 20-paged paper whose prime objective is to interpret

the stock market and other financial issues has other columns

including corporate finance, foreign market reports, tourism,

arts and entertainment, sports, personality profiles and jokes. The paper with a cover price of 5,000 cedis has its 16th

edition being launched with circulation covering all the regional

capitals. Mr Amos Dotse, Chief Executive Officer and Publisher of

the Ghana Market Watch, said his organisation chose to

launch the paper at a time in Ghana's development where the

growth of the country's financial market, represented by the

Ghana Stock Exchange was crucial to achieving the desired

status of a middle-income Economy. "Our objective is to serve as a medium for the financial

institutions to talk to themselves, to Government, policy

makers, regulators and vice versa. "We want the financial institutions to say what they need to

the public, Government and regulators without fear of being

misunderstood or misquoted," he said. Mr Dotse said the Newspaper would offer its pages to

educational institutions and financial markets to exchange

ideas; pass on new technologies; techniques and paradigms

and discuss the strengths and weaknesses of existing policies

to forge new ones for the advancement of the economy. Dr Anthony Akoto Osei, a Deputy Minister of Finance, said

the paper had come at an opportune time to fill a vacuum that

had existed in the landscape of business and finance. He urged the business community to embrace the paper by

patronising it, thereby making it capable of meeting its

obligation of informing, educating and entertaining to

contribute positively to the development of the financial

services industry and the country's economy. He said it would no doubt create a healthy business

environment that would pave the way for local and foreign

investors to come in and conduct business without fear.

Mr Lee Accorley, Editor of the paper, pledged to carry out in-depth and incisive research that would enable them to come out with write-ups that would help the economy to grow. Mr Fred Oware, Chairman for the occasion, urged the publishers to engage the staff with frequent in service-training

to keep them abreast with developments in the financial

market.