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BE WARY OF MONEY DOUBLERS IN THESE TIMES – Finance Minister, Ken Ofori-Atta Caution Ghanaians

The Minister for Finance, Ken Ofori-Atta has cautioned Ghanaians to be wary of persons and investment institutions promising money doubling or large profits and earnings especially in these times of economic hardship.

In a speech read on his behalf at the opening ceremony of the 4th Financial Fair at the University of Ghana Business School on Wednesday, October 11, 2023, the minister emphasised the need for individuals to make informed financial decisions.

“It is therefore imperative that every individual is informed about financial institutions, products, instruments and services to enable them make a prudent financial decision.

“According to the 5th Law of the Book of Babylonians ‘Gold flees the man who would force it to impossible earnings or who followeth the alluring advice of tricksters and schemers.’

“In times like these and beyond, one important financial rule each individual must adhere to is the impossibility to double your money in a short time. We must be cautious of the companies and individuals who come with big earnings and profits and run away in the end. This is reiterated in the good old book according to Proverbs 30:11,” he stated while noting the huge financial literacy gap among the Ghanaian populace.

 

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