Prof Joshua Yindenaba Abor, Dean of University of Ghana Business School (UGBS), has called on Ghanaian investors and entrepreneurs to adopt Harvest Techniques that will reflect appropriate returns on their investments. He made the call on Tuesday 7, February 2017 at the maiden edition of a radio business programme dubbed ‘Think Ahead’ held on Accra based Class91.3FM. ‘Think Ahead’ is organised by the Association of Chartered Certified Accountants (ACCA) in collaboration with class91.3FM.
Prof Abor, during his presentation noted that “harvesting takes various forms including, Going Public, Merger and Acquisition, Management Buyouts and Employee Stock Ownership Plans”. Therefore, investors and entrepreneurs must make conscious and cautious efforts to examine the various Harvesting Techniques before their adoption and use since it could have implications on the future and growth of business entities, he added.
He further stated that, factors such as the current market conditions, cost and size of the enterprise, stage of the enterprise’s development among others must be critically considered when adopting a harvest technique. According to Prof Abor, for an entrepreneur and investor to succeed, investment banks play a major role in ensuring a successful strategic harvest. He therefore admonished the banks to improve and extend quality services delivery to their clients, because, a firm will choose an investment bank depending on its satisfaction of services.
Prof Abor concluded by encouraging Ghanaian firms who meet the requirements to get listed on the stock market to enjoy the numerous opportunities it offers. This he said, will help them unlock the value to enable them diversify their portfolio, sell their shares and realize capital gains, and improve corporate governance of the company among others.
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