• Latest
  • Trending
GMABC Financial Literacy Month: EDC MD, shares insightful money-making tips

GMABC Financial Literacy Month: EDC MD, shares insightful money-making tips

June 25, 2020
President Mahama supports Asante Kotoko and Bibiani Gold Stars ahead of CAF Campaigns

President Mahama supports Asante Kotoko and Bibiani Gold Stars ahead of CAF Campaigns

September 22, 2025
CAF Champions League Prelims: JS Kabylie Outclass Ghanaian champions GoldStars

CAF Champions League Prelims: JS Kabylie Outclass Ghanaian champions GoldStars

September 22, 2025
The Corporate Fun Run: A Legacy of Vision, Purpose, and Unity

The Corporate Fun Run: A Legacy of Vision, Purpose, and Unity

September 21, 2025
Progressive Alliance for Ghana (PAG) demands transparency behind Ghana and US deportees agreement

Progressive Alliance for Ghana (PAG) demands transparency behind Ghana and US deportees agreement

September 21, 2025
Gomoa Takwa Chief to establish skills training centre to curb teenage pregnancy and unemployment

Gomoa Takwa Chief to establish skills training centre to curb teenage pregnancy and unemployment

September 21, 2025
Ninani Group celebrates unity and wellness at Annual Staff games

Ninani Group celebrates unity and wellness at Annual Staff games

September 21, 2025
Nana Addo criticizes Mahama government, says NPP legacy will drive 2028 campaign

Nana Addo criticizes Mahama government, says NPP legacy will drive 2028 campaign

September 20, 2025
Bantama MP Francis Asenso Boakye urges party aspirants to focus criticism on John Mahama, not fellow members

Bantama MP Francis Asenso Boakye urges party aspirants to focus criticism on John Mahama, not fellow members

September 20, 2025
Kwesi Pratt Jnr. rallies support for anti-imperialist struggles at Socialist Movement of Ghana’s 2nd National Delegates Congress

Kwesi Pratt Jnr. rallies support for anti-imperialist struggles at Socialist Movement of Ghana’s 2nd National Delegates Congress

September 20, 2025
Dr. Zanetor Agyeman-Rawlings champions sports development at Homowo Bodyfest ‘25 in Osu

Dr. Zanetor Agyeman-Rawlings champions sports development at Homowo Bodyfest ‘25 in Osu

September 20, 2025
U20 Women’s World Cup qualifiers: Black Princesses beat Tunisia

U20 Women’s World Cup qualifiers: Black Princesses beat Tunisia

September 22, 2025
Telecel Ghana encourages customers to participate in Dream Car Promotion

Telecel Ghana encourages customers to participate in Dream Car Promotion

September 20, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Business

GMABC Financial Literacy Month: EDC MD, shares insightful money-making tips

in Business
GMABC Financial Literacy Month: EDC MD, shares insightful money-making tips
Share on FacebookShare on TwitterShare on Whatsapp

As part of the Global Media Alliance Broadcasting Company (GMABC) ‘Financial Literacy Month’, the Managing Director (MD) of ‘Ecobank Development Corporation Investments (EDC), Paul Kofi Mante, was Brown Berry’s guest on Thursday, 25th June 2020’s edition of YFM’s Ryse and Shyne show. He was present to provide expert advice to the youth on developing a savings and investment habits.


GMABC, set aside the month of June as Financial Literacy Month, to have in-depth discussions with resource persons on all issues that bother on finance and money-related topics, and its impact on the Ghanaian economy. This forms part of the company’s themed month series which started earlier this year.


The MD used the ‘Parkinson’s law’ which states that our expenses (work) will expand to fill (consume) the money (time) available for its completion (execution). As long as one’s expenses are not under control, one’s salary will not be enough.


‘’As the salary is increasing, their lifestyle changes, I tested that at a church in Tarkwa, I spoke at the church and asked that if you struggle with your salary, raise your hand. They all did and I told them to own up if they think when their salaries are doubled it will be enough.


I asked ten people to come out and I gave them pieces of papers to write their salaries. The least among the ten was on a salary of three hundred and fifty Ghana Cedis (GHS350, 00), and that person felt she will be satisfied with double of that which is seven hundred Ghana Cedis (GHS 700). Among them was another on a salary of one thousand five hundred Ghana Cedis (GHS1500) which is four (4) times the first amount of GHS 350.00, but it was not enough. There was another salary of eleven thousand Ghana Cedis (GHS 11.000) and it was not enough.


Let me shock you, among the ten (10), the highest was on a salary of twenty thousand Ghana Cedis (GHS 20,000) and that was also not enough for the person. Savings must become a habit because salaries will never be enough’’ he explained.


He also gave five (5) tips he believes will inculcate a culture of saving in the youth;
‘’Save before you spend, your salary must dictate what you eat not your appetite. Choose your financial system, the hunter system lives on salary or the breeder system where you invest. Take a decision to become financially independent, lack of money is the major issue in our lives and relationships. Almost all things physical can be solved with money. Money will give you access to good health.’’

He also encouraged listeners to launch ‘operation one million’ through the EDC income fund.
‘’Everybody can make one million, it only depends on your income, someone can make it in five years another person can make it in 20 years.’’


He also advised listeners to eschew procrastination, excuses and blame, because they are a self-imposed limitation.
Ecobank Development Corporation (EDC) Ghana is the securities, wealth and asset management subsidiary of the Ecobank Group in Ghana
EDC, can be located at the 2nd Floor, Ecobank Ghana Head Office, 2 Morocco Rd, Accra

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Man City vs Liverpool to be held at Etihad Stadium

Next Post

Lawyer Amalibah gives reasons why Ghana should rebuild Nigeria’s High Commission building

Next Post
Nigeria’s Foreign Affairs Minister breaks silence on demolishing of High Commission building in Ghana

Lawyer Amalibah gives reasons why Ghana should rebuild Nigeria’s High Commission building

Search

No Result
View All Result

Listen Live

Happy Kaseɛbɔ 600AM news bulletin
Happy Kaseɛbɔ 600AM news bulletin

BBC Match of the Day Africa

Happy Ghana

Recent News

  • President Mahama supports Asante Kotoko and Bibiani Gold Stars ahead of CAF Campaigns
  • CAF Champions League Prelims: JS Kabylie Outclass Ghanaian champions GoldStars
  • The Corporate Fun Run: A Legacy of Vision, Purpose, and Unity
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.