{"id":18004,"date":"2022-04-02T17:59:05","date_gmt":"2022-04-02T17:59:05","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive"},"modified":"2022-04-02T18:16:51","modified_gmt":"2022-04-02T18:16:51","slug":"financial-investment-key-for-fighting-poverty-in-africa-banking-executive","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive","title":{"rendered":"Financial investment: Key for fighting poverty in Africa \u2013 Banking Executive"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span> Mrs Ramat Ebella Ellis, Banking Executive has called on the African financial systems to incorporate the large informal sector players in the development of financial investment portfolios as means of liberating the people from poverty.<\/p>\n

Mrs Ellis who is an Investment Advisor to the Centre for Greater Impact Africa (CGIA) stated at the Ghana News Agency Tema Industrial News Hub Boardroom Dialogue platform.<\/p>\n

Speaking on the topic, \u201cInvestment and sustainable development,\u201d Mrs Ellis also called on players in the financial sector to explain certain financial and economic terminologies to the understanding of non-financial people.<\/p>\n

\u201cWe should not assume that all people understand stocks, bonds, treasury bills, fixed deposits, cocoa bills, trust accounts, shares, and mutual funds among others. As financial players, we must help people with a marginal understanding of the financial language to appreciate these terminologies, translate them into the informal economy.\u201d<\/p>\n

Mrs Ellis who is also a Financial Planner noted that understanding some basic information about financial investments could be a first step in learning how to invest, knowing paths to retirement, or maximizing the rate of return on money.<\/p>\n

\u201cA financial investment is an asset that you put money into with the hope that it will grow or appreciate into a larger sum of money, the idea is that you can later sell it at a higher price or earn money on it while you own it.<\/p>\n

\u201cYou may be looking to grow something over the next year, such as saving up for a car, or over the next 30 years, such as saving for retirement,\u201d she said.<\/p>\n

Mrs Ellis who is also a Financial Analyst stressed that it is important to note that there was an economic definition of financial investments that deals with how businesses invest in products, equipment, factories, employees, and inventories.<\/p>\n

Mrs Ellis who is also the Founder of Girls with Purpose Foundation (GWP) explained that before making any investment decision, \u201csit down and take an honest look at your entire financial situation — especially if you have never made a financial plan before.<\/p>\n

\u201cThe first step to successful investing is figuring out your goals and risk tolerance \u2013 either on your own or with the help of a financial professional\u201d.<\/p>\n

She explained, \u201cif you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money\u201d.<\/p>\n

Mrs Ellis stressed that all investments involve some degree of risk; \u201cif you intend to purchase securities – such as stocks, bonds, or mutual funds – it’s important that you understand before you invest that you could lose some or all of your money\u201d.<\/p>\n

However, she noted that the reward for taking on risk is the potential for a greater investment return, \u201cif you have a financial goal with a long time horizon, you are likely to make more money by carefully investing in asset categories with greater risk, like stocks or bonds, rather than restricting your investments to assets with less risk, like cash equivalents\u201d.<\/p>\n

On the other hand, Mrs Ellis noted that investing solely in cash investments may be appropriate for short-term financial goals, the principal concern for individuals investing in cash equivalents is inflation risk, which is the risk that inflation will outpace and erode returns over time\u201d.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Mrs Ramat Ebella Ellis, Banking Executive has called on the African financial systems to incorporate the large informal sector players in the development of financial investment portfolios as means of liberating the people from poverty. Mrs Ellis who is an Investment Advisor to the Centre for Greater Impact Africa (CGIA) stated at […]<\/p>\n","protected":false},"author":84,"featured_media":18003,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,7,8],"tags":[8107,5092,5096,429,1801],"class_list":["post-18004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-head-lines","category-homepage-english","tag-africa-banking","tag-africa-press","tag-africa-press-ghana","tag-ghana","tag-investment"],"yoast_head":"\nFinancial investment: Key for fighting poverty in Africa \u2013 Banking Executive - Ghana<\/title>\n<meta name=\"description\" content=\"Mrs Ramat Ebella Ellis, Banking Executive has called on the African financial systems to incorporate the large informal ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial investment: Key for fighting poverty in Africa \u2013 Banking Executive\" \/>\n<meta property=\"og:description\" content=\"Mrs Ramat Ebella Ellis, Banking Executive has called on the African financial systems to incorporate the large informal ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-02T17:59:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-02T18:16:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/04\/img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Financial investment: Key for fighting poverty in Africa \u2013 Banking Executive\",\"datePublished\":\"2022-04-02T17:59:05+00:00\",\"dateModified\":\"2022-04-02T18:16:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive\"},\"wordCount\":577,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2022\/04\/img.jpg\",\"keywords\":[\"Africa \u2013 Banking\",\"Africa Press\",\"Africa Press-Ghana\",\"ghana\",\"investment\"],\"articleSection\":[\"all news\",\"community\",\"head lines\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/financial-investment-key-for-fighting-poverty-in-africa-banking-executive\",\"name\":\"Financial investment: Key for fighting poverty in Africa \u2013 Banking Executive - 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