The suspension of fifty-three fund managers by Ghana’s Securities Exchange Commission (SEC) has put about 70,000 investors at risk of losing a total of 8 billion cedis (about $1.4 billion).

The regulator explained that the suspended managers pumped the money into unprofitable investments. For the time being, the coverage and guarantees provided by the government cover bankruptcy risk of up to 1 billion cedis; and SEC invites the government to address the remaining damage to investors, especially as the presidential election approaches.

The government is also investing to offset the surplus of energy produced in the country. According to International Monetary Fund forecasts, Ghana's debt ratio will represent about 63% of gross domestic product by the end of the year, compared to 51% last January.

Idriss Linge