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 ... read full comment
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 rates.
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 ... read full comment
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, treasuries shares are all investment plans and u ll agree with me its far yielding than leaving your money in a savings account. This is the impulse of the article
Hovah 6 years ago
PPl needs to appreciate and give credit where they are due.
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
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.
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 ... read full comment
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 they cannot pay.
Percy 6 years ago
Well noted
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 ... read full comment
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 a 10 year period.
It's therefore very inaccurate to compare the two rates. They don't cover the same period.
The writer should have calculated the absolute best to get inflation rate over a 10 year period
This is the value 282.8%(compounded) Meaning though the rates are good but the compounded rate over the same period gave us a clear picture of what the money is worth
Thank you
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 ... read full comment
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 assets
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
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
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.
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 ... read full comment
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 to keep your money under your pillow
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 ...
read full comment
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 ...
read full comment
PPl needs to appreciate and give credit where they are due.
If you behave like an ostrich and bury your head In the sand you can miss out on opportunities
Great article. Should be included in the JHS and SHS curriculum.Hi-5 to source.
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 ...
read full comment
Well noted
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 ...
read full comment
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 ...
read full comment
The moral of the story is, dont leave all your money in a regular savings account. learn to diversify, Great advice, non the less
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
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.
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 ...
read full comment