Paul Kofi Mante, Managing Director of EDC Investment Limited has advised Ghanaians to invest their monies in retirement packages to enjoy in future.
“Salary alone will never cure poverty, only investment or a business would help cure poverty,” Mante said.
Speaking on the Citi Breakfast Show as part of the on-air series of the Citi Business Festival, Mr Mante who also doubles as an investment analyst, discussed ways to invest and advised listeners to put their money into schemes that offer compound interest schemes rather than simple interest.
“Where the expected return is very high you should know the risk is very high,” said Mante
He urged listeners to invest their money rather than just saving it as this way it can increase in value instead of losing its purchasing power over the years.
Click below to listen to the full audio:
Post source : Afua Mfodwo | citinewsroom.com | Ghana