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Bank savings accounts are not investment accounts

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  • The Mask 6 years ago

    You got it all wrong. Some banks offer fixed deposit accounts comparable to the United States' money market or the eurocurrency market where short term debt instruments are issued. These fixed deposit accounts offer high rate ...
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  • Percy 6 years ago

    Master, give credit to the article and allow people to learn. All the writer seeks to say is that its worth investing your left overs than leaving them to sit in your account, earning u coins or nothing. Fixed deposits, treas ...
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  • Hovah 6 years ago

    PPl needs to appreciate and give credit where they are due.

  • Concerned 6 years ago

    If you behave like an ostrich and bury your head In the sand you can miss out on opportunities

  • Kweku ghanaba 6 years ago

    Great article. Should be included in the JHS and SHS curriculum.Hi-5 to source.

  • Kweku Holm 6 years ago

    Great article. It's very important to develop a saving/ investment culture within us as Ghanaians. That way we wouldn't fall into the debt trap a lot of people in the "developed" world are facing. Eg Credit card debt that the ...
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  • Percy 6 years ago

    Well noted

  • Edward 6 years ago

    The writer got it all wrong at a Particular point and I'll wish he could address that.

    The 13.65% inflation is the inflation rate over just one year. But the 258% interest in stock exchange rate is the absolute rate over ...
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  • Concerned 6 years ago

    Good point but if you leave your money in a savings account the returns are even lower . No matter what decision you make your money will be affected by inflation unless of course you invest periodically In appreciating asse ...
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  • Hovah 6 years ago

    The moral of the story is, dont leave all your money in a regular savings account. learn to diversify, Great advice, non the less

  • Garbeben 6 years ago

    I wonder why the bank saving rate does not cover the negative impact of inflation. It makes no sense to leave your money in a saving account. I believe some of the investment products solve the problem of liquidity

  • Dickson 6 years ago

    Great article.. I think these are the sort of pieces we should be reading daily.. Helps unsuspecting customers know what to do with their monies than let it lie fallow in savings.

  • Paa 6 years ago

    With the lackadaisical attitude of the Bank of Ghana in monitoring, and the mushrooming of banks in Ghana some which have closed shops without a word to their customers like NOBLE DREAM, MONEY LINK etc, sometimes it is better ...
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