Accra, July 29, GNA—The CM Fund Limited, a medium to long term collective investment scheme recorded a net profit of GHC2,529,459 in 2021against GHC1,310,964 in 2020.
Total assets rose from GHC17,549,083 in 2020 to GHC 33,220,334 in 2021, while Shareholders Fund jumped from GHC17,382,380 in 2020 to GHC33,096,933 in the year under review.
Mr Emile Yartey, Board Chairman of the Fund, disclosed this at the fund’s 11th Annual General Meeting in Accra on Friday.
He said the war in Ukraine had triggered a costly humanitarian crisis that demanded peace to check the impact on the World market.
He said as a result, there was a World- wide spillovers through commodity markets, trade and financial channels.
The Board Chairman noted that although many parts of the world appeared to be moving past the acute phase of the Covid-19 crisis, deaths remained high especially the unvaccinated, adding that ’the recent lock downs in key manufacturing and trade hub in China compounded supply disruptions’.
He said although 2022 was anticipated to be a challenging year, and that the fall- out from the war and the gradual return to normalcy of the Covid-19 pandemic, ‘we cannot to over-emphasize the importance of investing with the fund, which reliably met the needs of the shareholders during the pandemic’’.
Mr Yartey expressed the hope that the interest of the Fund would continue to be the topmost priority of the Board.
Patrick Obeng
