New financial directory to be launched

Accra, March 16, GNA - A new financial directory that seeks to provide holistic financial information to investors, shareholders, banks as well as the public is to be launched on Wednesday. The directory is expected to serve as a one-stop shop for information for the public in the face of the increasing number of financial institutions. Mr Dominic Oduro-Antwi, Managing Director of Design House Project, publishers of the Financial Directory, told GNA in Accra on Monday that the initiative stemmed from the desire to give the public access to various financial institutions, enable them to learn more about banking, stock and investment, among others all in one document. "This is the maiden edition and the concept is still evolving and my intention is to develop an easy-to-use directory," he said. Apart from the telephone numbers and location of the various financial institutions, including non-banking institutions, the directory also contains the Banking Amendment Act, 2007 Act 738, Non-Banking Act, Financial Administration Regulation, definition of terminologies and articles as well as a step-to-step guide on how to invest.

"The idea is to give to the public not only a directory with phone numbers but one that will provide them with the knowledge of the law and environment in which the institutions are operating," Mr Oduro-Antwi said.

He said understanding of the rules and regulations governing the operations of the various financial institutions was critical to enable the public to appreciate the role of these institutions in the country's development agenda. The publication of the Financial Directory follows on the heels of a directory on institutions in the Health Sector.