The managers for the Anidaso Mutual Fund, regulated by New Generation Investment Services, is confident of a positive economic outlook for 2025.
Following the recent ease in economic and inflationary pressures, the investment fund witnesses a positive increase in shares, growing by 13.26% for 2024.
Despite recording a reduction in investment in-flows, the company is anticipating a continuous positive trajectory for the year with prudent fiscal measures from the government.
Ghana’s economic growth, in the last two years, hit a snag, impacting the financial investment sector.
Following a significant economic recovery, the financial sector is bouncing back from the external shock.
The Anidaso Mutual Fund, a local investment package of the New Generation Investment Services, is seeing significant gains.
Debt Exchange impacts
Despite the positive gains, the Fund’s gross investment income saw a reduction of 17.31%, declining from 553,837 cedis in 2023 to 457,916 cedis in 2024.
This decrease was essentially influenced by marginal decreases in interest rates on money market instruments, which reduced asset returns.
Fund manager of New Generation Investments Services, Edward Asamoah says management is adopting strategies to diversify and secure the inflows in alternative instruments.
“The DDEP will continue for at least five years. We needed to diversify the investments so that the impacts of the program will not huge on us,” he said.
The investment company held its
annual general meeting of the shareholders of the fund.
Financial Performance
The Fund’s total liabilities saw a significant improvement for the year, amounting to 54,669 cedis – a 42.84% reduction from the previous year which recorded 95,649 cedis.
Despite the decline in liabilities, the redemption of shares increased by 10.91% – from 450,096 cedis in 2023 to 499.206 cedis in 2024.
The investment service’s shares saw a significant uptick, rising by 90.54% from 411,009 cedis in 2023 to 784.309 cedis in 2024.
Managers of the fund surmises the surge in shares purchase likely reflects greater investor confidence.
“The bulk of the Fund’s assets are concentrated in fixed income/money market instruments, representing a stable and liquid portion of the portfolio, while equities account for a smaller, but still significant portion of the Fund’s total investments,” Mr. Brobbey, the Vice Chairperson of the fund, noted.
Outlook for 2025
With Ghana’s economic growth is expected to pickup this year, the fund management are anticipating potential fiscal growth.
The investment climate is also projected to improve as debt restructuring stabilizes the economy.
This would this allow investors to become more confident in the country’s prospects, with a focus on sectors like infrastructure, energy, and finance.
“Ghana’s long-term economic prospects are generally positive, especially if it successfully navigates its debt issues and continues efforts to diversify its economy. With investments in infra-structure, education, and energy, the country could lay the groundwork for sustainable development beyond 2025 to benefit the Fund,” Mr. Brobbey noted.
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