Attitude Of Cocobod Workers in Takoradi Towards Investment

Abstract

It is imperative for one to note that economy of any country is largely determined by the investments leading to effective capital formation. This therefore implies that investment plays a critical role in economic growth of any country. The researcher was therefore motivated to assess the attitude of COCOBOD workers in Takoradi towards investment. The study was grounded in descriptive design where quantitative methods were employed. To ascertain data for the study, primary data was collected through a structured questionnaire. A simple random sample selection was employed to select respondents for the study. A sample size of 150 COCOBOD workers were involved in the study. The results from the study gave evidence that some factors influence investment decisions by COCOBOD workers. Some of these predominant factors included economic condition of the country, Political stability of the country, easy access to the investment company, past experiences or history of the investor etc. Accumulated evidences from the study further suggested that most workers of COCOBOD engaged in some types of investment. Some of the found investment types were banks fixed deposits, buying of land (building a house), purchasing of bonds and shares, mutual funds, setting up a business etc. Securing the future, emergency needs, stability of money against inflation, receiving of multiple streams of income and means of saving were some benefits attached to investment. It was recommended that government put in structures to improve working conditions for staffs so that enough funds can be raised in order to invest part.