By Sandra Agyeiwaa OTOO
Management of Business and Financial Times (B&FT), Africa’s leading business news provider, has paid a courtesy call to Regulus Investment and Financial Services Limited, Ghana, to strengthen their existing partnership.
The delegation from B&FT, led by Director of Operations Dr. Daniel Anim-Prempeh, expressed their utmost appreciation to Regulus Investment and Financial Services Limited for their partnership over the years and discussed how they can explore further collaborations.
Dr. Anim-Prempeh commended Regulus Investment and Financial Services Limited for its intellectual contribution to the economy. He noted that the organisation’s input has been insightful and had a positive impact on participants.
“It’s not necessarily just about the financials, the intellectual contribution from your end has always been very amazing. Anytime I go through the report and I’m reading over the discussions, I realise it is very amazing and insightful. We have received positive impacts from participants in terms of your contribution on our platform; and so our coming here is basically to say that we appreciate you and the firm,” he said.
Dr. Anim also discussed challenges faced by the media industry, including increasing operational costs due to global dynamics and domestic economic conditions. He highlighted the importance of maintaining quality content despite these challenges.
“It’s quite busy in terms of operational cost because of global dynamics and the impact of domestic economics. We normally get our newsprint outside the country; but since the Ukraine and Russia hostilities prices started escalating. We have to manage the situation because our view is that we don’t want to sacrifice quality in terms of the content,” he revealed.
“So it’s almost like the cost of operations is eroding all our profit – but that is the cost if we want to maintain a steady standard within the market. If you want to have a niche for yourself within a particular space, then that is a sacrifice,” he added.
Dr. Anim-Prempeh further articulated some of B&FT’s flagship events slated for this year, emphasising the company’s intentions to collaborate with Regulus Finance in making them a success.
“So we’re looking forward to the upcoming The Money Summit. We’re considering the financial sector and we’re looking at investments as well as pensions. Because of our GDP and now having a new government on board, we want to see a clear sense of direction in terms of the financial sector. Of course, we’ll be counting on your support and expertise in other areas that you think will be good for discussion and add value to the whole programme,” he noted.
He also indicated that this year, the Women in Business (WIB) event will be held in Kumasi and they are looking forward to collaborating with financial institutions to offer financial assistance.
For his part, Chief Operating Officer of Regulus Investment and Financial Services Limited, Ankit Tandon, reiterated his commitment to expanding his outfit’s collaboration with B&FT.
“This meeting with B&FT makes me very happy. I’m very happy the way this relationship is growing. With you being the most prominent player in the country’s media industry, we would like to deepen our relationship with B&FT,” he said.
He announced the launch of a new product – Global Invest – that aims to empower the masses by giving them access to US stock exchange activities.
“So, we have recently received authorisation from the Security Exchange Commission to launch a product which we call Global Invest. That product is meant to empower the masses here by giving them access to activities in foreign markets. So in business cases, when any investor here in Ghana wants to buy any equity listed on any stock exchange, they can do it by using this platform,” he said.
Mr. Tandon added: “If I talk about the financial markets, there is a lot less participation in the equities market as compared to debt. So when market players launch these sort of products in the market, it is going to help the entire financial ecosystem. It will help in creating a investor-space; and for those who have a habit of investing in equities, we will be able to bring the best possible practices from the US equities market to the country”.
He further indicated Regulus Finance has also been involved in various corporate social responsibility (CSR) initiatives, emphasising his company’s commitment in giving back to society and creating a positive impact on the local financial markets.
“So we have been doing quite a bit and we believe that it is our responsibility to give back to society. We have been involved in multiple CSR products. We donated for the Akosombo Dam spillage during Christmas. We also donate for underprivileged girls and meet the kids while running campaigns to feed the hungry.”
“And then on top of that, we have been doing multiple projects. We conducted some sessions and conferences to educate the masses on some new products which we think will help the market. We have been donating to multiple social causes and we will continue doing so. However, this time, we will add a theme and direction to all the CSR activities,” he added.
The delegation from B&FT included Theresa Coffie, a Marketing Executive; and Ekow Atkins, Events Manager.
