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Let’s Talk Investment: Is Your Money Really Working for You in Ghana?

If you know me, you’re familiar with my tendency to remain quiet for extended periods, only to suddenly inquire: “How much should someone of xx years have in their account?”

This question often catches others off guard, prompting them to reflect on their own financial standing.

According to conventional wisdom, it’s advisable to have at least three months’ worth of salary stashed away. Yet, this guidance feels somewhat hollow when considering the relentless depreciation of the country’s currency. Can Ghanaians, especially those just getting back on their feet after the pandemic, truly save enough to invest?

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The uncertainty deepens when contemplating converting earnings into foreign currencies—what if our own currency unexpectedly appreciates?

As a Ghanaian, the quest for financial security prompts me to explore viable investment options. How can I replicate the success stories I see online? Should I start content creation, hoping to harness the digital age’s potential for wealth accumulation? Or, in a darker turn, should I entertain illegal activities? But the repercussions of such choices weigh heavily—what if the system decides to make an example out of me?

Questions. Questions. Questions! How can we invest proactively in the 21st Century?

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With the rapid population growth, the demand for owning or renting houses continues to rise exponentially. Owning property or investing in real estate can be a lucrative venture and more often than not, is. As the population increases, especially in the cities, so does the need for a place to sleep and call home. The investment endeavour could be to build and rent out or build and sell. Whichever approach one chooses, the opportunities are endless and the turnover is favourable.

Another attractive sector worth of investment is agriculture. Ghana’s agricultural background has always been rich making notable strives in cocoa production over several decades. Rubber plantation is another lucrative arena in the agricultural sector of the country. However, an investment in such an area may and will likely take a few years before generating income. This approach requires patience and someone looking for a lifetime investment.

Again, for agriculture, investing in fruit plantations and exporting them to other countries where such crops are hard or impossible to grow will be sure to fetch you some money. These are but only a few of the numerous opportunities in Ghana’s agricultural landscape.  Poultry and fish farming are great avenues of investment. Poultry farming, especially raising chickens for meat and eggs, is a viable business. It requires proper management and care, but the returns can be substantial and don’t require huge initial capital like real estate.

As the population grows, the frontiers of cities expand and demand for transportation has become crucial. Whether going to work, to a wedding, Sunday church service or to the market, the taxi business has never been more lucrative than now. The importance of transportation services can hardly be overstated, and apps like Uber and Bolt have made it easier to register as a taxi driver. You can start with a little capital by buying or renting a car.

Though not peculiar to Ghana, in the last decade, the fame of cryptocurrency (crypto) has surged dramatically drawing the attention of the global population. With Bitcoin and Ethereum being some of the popular coins, the market presents an opportunity for investment and the possible returns are intriguing to say the least. However, these cryptos are generally volatile and risky so one must exercise caution and be informed about matters relating to the market.

If you’ve made it this far, you’re likely pondering how to secure funds for these investment opportunities. You might also be curious about the absence of mentions regarding treasury bills or mutual funds, which can be explained by paying attention to the news. I know of three apps worth exploring: Achieve app, Risevest, and Bamboo. While I haven’t personally tried them, they could be viable options

If all the listed options don’t work for you, there is a proven and tested method. Convert your money to an appreciated currency that you know for sure will not depreciate and keep it under your pillow. Fingers crossed you won’t get any thieves visiting.


Disclaimer: The information contained in this article is for informational purposes only and should not be considered financial advice.  Every situation is unique, and you should always consult with a qualified professional before making any investment decisions.  While I strive to provide accurate information, I cannot guarantee its completeness or suitability for your individual needs.  Investing involves inherent risks, and you could experience losses.

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