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Business News of Thursday, 26 September 2019

Source: FFC

First Finance launches two mutual funds

Gloria Akoto, CEO of First Finance Company Limited Gloria Akoto, CEO of First Finance Company Limited

First Finance Company Limited, an Asset Management Company duly licensed by the Securities and Exchange Commission (SEC) of Ghana has launched two Mutual Funds onto the Ghanaian Market with a call on investors to take control of their future by investing in the Funds.

The Financial Independence Fund, is an emergency Fund which aims at investing in high quality Investment grade fixed income securities that will provide security and liquidity for investors in emergencies such as temporal loss of income. The Elite Mutual Fund on the other hand is a dual Retirement and Educational Fund that will invest in a combination of Equities, and Fixed Income Securities across the globe. The objective of the Fund is to provide growth in the medium to long-term and to ensure that investors have a comfortable retirement and also have adequately prepared towards their wards college education.

Mrs. Gloria Akoto, CEO of First Finance Company Limited, Managers of the two Funds, in a presentation said the two offers proposes to raise a total subscription of GH¢400,000 between September 25th and October 16th 2019.

The Financial Independence Fund has an initial minimum subscription of GH¢200 and thereafter a minimum of GH¢100 to top. The Elite Fund on the other hand has an initial minimum subscription and top up of GH¢100.

Whiles acknowledging the recent financial sector uncertainty, Mrs. Akoto said Investor Confidence is being restored in the market with a call on all market operators to educate the public on the benefits of investing. She said Wealth is created over a long-term and edged the public to invest in Mutual Funds to diversify and reduce risk as there are always opportunities in times of severe market corrections.

Mr. Zack Bentum, Board Chairman of the Financial Independence Fund said, we believe that the Elite Mutual fund and Financial Independence Mutual Fund will be a successful venture. With the growing appetite for education on funds in the Ghanaian market, we believe we will be able to reach our goal of gaining a considerable market share, with strong emphasis on public education about the benefits of investing and planning for the future.

First Finance Company Limited (FFC) is a limited liability company with the aim of offering Asset Management Services with focus on advisory and funds management in Ghana’s growing financial market. The Company is licensed by the Securities and Exchange Commission Ghana.

The objective of the company is to make investments attractive and easily accessible to the investing public.

FFC provides clients with world class customized investment services through innovative, accessible and high quality products and risk adjusted returns on investments.


• Customised Portfolio for Individuals and Institutions
• Mutual Fund Management
• Investment Advisory