Investment can be defined as the commitment of current financial resources in order to achieve higher gains in the future. The benefits of investment are many and varied. Basically, the main purpose of investing is for the creation of wealth to assist you meet your short and long term goals and to ensure that you are prepared for emergencies.

There are certain things to consider before making an investment decision.: 

• What are your investment goals?
• What is your risk tolerance level?
• What are the return(s) on the investment?
• Investment options available – trustworthy
• How much to invest
• Investment period/duration
• How easy or fast the investment can be converted to cash
• Inflation rate
• etc

What do you do with the money you have saved? It is not a good idea to just keep all your savings in your bank account without investing them.

There are a lot of investment options available for you to select from.

TREASURY BILLS
Treasury Bill, popularly known as T bill is a short term investment product backed by the Bank of Ghana on behalf of the Government. It is one of the safest forms of investments because it is backed by the Government. Because the funds are invested for a specified period, requesting for your funds before the maturity date will attract a penalty. With as little as GHS100.00, you can purchase T bills between 91 to 182 days. You can buy T-Bills with as little as GHS100.00.

 

FIXED DEPOSITS
A Fixed Deposit (FD) is an investment account where funds of customers are invested for an agreed duration. Investors enjoy higher rate of interest than a regular savings account. It is also one of the risk-free types of investments to consider. Investment period is between 30 to 365 days and you can also have more than one FD account.

 

BONDS
Bonds are medium investment securities issued by the Government of Ghana and sold to individuals or companied to raise funds for a specified time at a fixed interest rate. The maturity period exceeds 2 years.

 

FARMING
Ghana is an agricultural economy. Agriculture contributes about 54% of the Ghanaian GDP and accounts for over 40% of export earnings. There are a lot of good investment opportunities in the agricultural sector in Ghana to explore. From production to processing and exportation.  As lucrative as it can be, farming is capital intensive and a high risk venture thus will need proper planning and management to succeed.

 

STOCKS & SHARES
With enough cash, you can purchase shares from Companies and enjoy dividends from the profits of the company. Purchase of stocks and shares are also high risk investment opportunities. Employ the services of professional brokers to assist you purchase the right shares in the market.

 

SET UP A BUSINESS
Setting up a new business can be a daunting task yet rewarding. This can also be capital intensive and will need proper planning and management.

PROPERTY INVESTMENT
This is a long term investment which involves the acquisition of properties to obtain a return on the investment by renting, leasing or reselling.

 

FOREIGN EXCHANGE TRADING

Foreign exchange trading also known as FX or forex is when you buy and sell foreign currencies to make profit. Exchange rates can be very volatile. There are significant investment risks associated with this type of investment as currency fluctuations may move against you causing you to lose money.

All these investment types come with their pros and cons. It is always important to talk to an investment expert to guide you on where to put your funds for better yields. Bank of Africa has a lot of investment packages for you to choose from. Talk to our team of expects to assist you make a choice on 0302429333/0302219690 or click link to initiate an investment with Bank of Africa.