Exploring the Factors Influencing Investment Decision of Workers of Ghana Ports and Harbour Authority, Takoradi

Exploring the Factors Influencing Investment Decision of Workers of Ghana Ports and Harbour Authority, Takoradi

Ewuradjoa Ohene-Bredu Peter Besah Avevor, Kennedy Oppong Fosu, Kingsley Aidoo-Acquah, Kwadwo Ankomah

This research explored the factors which influence investment decision of workers of Ghana Ports and Harbour Authority, Takoradi using a quantitative research approach, with descriptive survey as the design. The population of study comprised both permanent and contract staff of the organization. A total of 254 employees were selected using random sample method, with 61.4% response rate and a set of questionnaire as the research instrument. Frequencies and percentages were relied upon for analyzing the obtained data. The study revealed that investment sales agents, TV/Newspapers, family members’ referrals, social media as well as the Books/Magazine were the main sources of investment information to workers of GPHA. Again, insurance policy is the commonest investment product workers relied upon. Also, safety, risk and returns, liquidity, and diversification factors were the main factors influencing investment decision of workers of GPHA. It is recommended that the Central Bank of Ghana should develop clear measures to protect the premium of investors. Again, the Management of GPHA should periodically organize sensitization and public education programs for its employees on investment decisions in order to increase the level of knowledge of staff members of organization in terms of investment.

Scientific & Academic Publishing

2021

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=QN2MUMkAAAAJ&citation_for_view=QN2MUMkAAAAJ:qjMakFHDy7sC

English