25.9 C
Accra
Monday, July 8, 2024
BusinessMost Ghanaians are not financially disciplined - Prof. Adei suggests

Date:

Most Ghanaians are not financially disciplined – Prof. Adei suggests

spot_img

The ex-chairman of the National Development Planning Commission, Professor Emeritus Stephen Adei, has suggested that most Ghanaians are not financially disciplined.

Prof. Adei indicated that average Ghanaians are more interested in showing off their wealth by buying excess clothes and having more clothing than millionaires in western countries like the late Steve Jobs who owned only four pairs of jeans, graphic.com.gh reports.

- Advertisement -

He, therefore, urged Ghanaians to learn to avoid wasting their monies on unnecessary acquisitions including excess clothes.

“… limit the price of financial success… In other words, don’t make certain sacrifices, that is financial discipline, not wasting your money.

- Advertisement -

“The average Ghanaian has more clothing than a millionaire in America, yes…” Prof. Adei is quoted to have said at the Springboard Your Virtual University show.

Also, Prof. Adei said that it is wrong for people to prioritise wealth over having good relationships.

- Advertisement -

“Getting rich at the expense of personal integrity, a good marriage, family life, fellowship and friendship only makes you a rich fool,” he added.

 Source:ghanaweb.com

Latest stories

Achimota School, State to pay over GHC600k in damages for death of student

Following a lengthy legal battle spanning seven years and...

Forgive Chef Smith, he has acknowledged his wrongdoing – Nacee

Gospel artist Nacee has issued a public apology to...

I will fix deteriorating football pitches, pay stipends to Premier League players – Mahama

The Flagbearer of the National Democratic Congress (NDC), John...

Ernest Nuamah secures a permanent transfer to French club Olympique Lyon

French Ligue 1 club Olympique Lyonnais has officially signed...

I launched Free SHS, I can’t be against it – Mahama

Former President John Dramani Mahama, flagbearer of the National...

Police pick up suspect for attack on Ayawaso West Wuogon NPP office

The Ghana Police Service has released new information on...

Related stories

Ghana partners Chinese company to build $450m manganese refinery

CEO of the Minerals Commission, Martin Ayisi, has announced...

GSE adopts data-focused modernisation to address market needs

The Ghana Stock Exchange (GSE) is spearheading a revolutionary...

First phase of Boankra Inland Port sees 40% completion

About 40% of the initial phase of the $308...

Accra to host first Electric Revolution Africa E-mobility conference

Ghana is set to host the inaugural Electric Revolution...

Prices of gari go up due to cassava shortage

The gari market in Koforidua is grappling with a...

World Bank supports COCOBOD with US$100m to rehabilitate cocoa farms

The Ghana Cocoa Board (COCOBOD) has secured a US$100...

Idea of a common currency has been overtaken by digital payment age – Bawumia

Vice President of Ghana, Dr. Mahamudu Bawumia, has called...