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Help me decide on how to invest my 35000 Cedis

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0 votes

f you’re looking for a risk-free way to earn some interest on your money, a high yield savings account might be your answer. With these accounts, you’ll earn a nominal amount of interest just for keeping your money on deposit. Other than opening your account and depositing your money, this strategy requires almost no effort on your part, either.

The best high yield savings accounts offer competitive interest rates without charging any fees. When choosing an account, you’ll also want to look for a bank with a good reputation for providing quality customer service, easy access and online account management, and easy deposits

0 votes


If your goal is to get maximum profit from your investment then the best way to do is by using the money to start a profitable business.

Lets compare starting a business vs putting the money at the bank through any one of their numerous schemes.

Investing with a bank




1. You dont have to do anything

2. You just sign up for either fixed deposit or treasury bill.

3. Assuming the fixed deposit rate is 15% per year

Then in one year you will make (15/100) x 35,000 = 5250

So the profit you will make in a year on 35,000 investing in fixed deposit or treasury bond will be about 5000ghc 

Risks -- Bank might go bankrupt you may or may not get your money back

Starting a business


Lets say you bought a toyota collora for 20,000ghs

Registration and vehicle checks 1500ghs 

total money spent 21,500ghs

Purpose of the car to be used as taxi 

Now you got a driver after due diligent checks. 

He is supposed to make sales of 50ghs to you per day

He deligently makes 50ghs sales per day

in 30 days he makes 1500ghs sales. 

Repair and maintenance cost for the month 500ghs

Your profit is 1000ghs

In one year, you make 1000x12 = 12000ghs on 21500ghs invested

Risks--the car might get into a serious accident beyond repair, all money lost

Example 2


You did research into beard growth.

You noticed most men want a nice beard. 

You talk to experts and found good and working beard growth spray

You bought 100 beard growth spray. You stored them at home.

each beard growth spray cost you 60ghs so total cost of product is 6000ghs

You contacted a good social media marketer. He set up a nice facebook, twitter  and instagram pages

He started online advertising for you targeting people interested in beard growth

Setting up the pages cost you 2000ghs, advertising cost you 100ghs per day

in the first month, you spent, cost of product + marketing cost = 6000+3000+2000 = 11,000ghs

In the first month, you were able to sell 10 products

you sold each product for 100ghs, since you sell by delivery through post office, you incurred delivery cost which is 10ghs per product. cost per product is now 70, profit is 30

Total number sold after first 30 days is 10

profit made is 300ghs

in the next month, you sold 20, profit made is 600,

the nest month you sold 20 again profit made 600

next month you sold 40, profit made is 1200,

Now you have only 10 product left. 

In 4 months you made a profit of 2800ghs after selling the 100 beard growth spray

Now total sales before profit is 100x100 whic is 10,000

delivery cost is 10x100 which is 1000

product cost is 6000

miscellaneous expenses is 200

total 7200

so 10,000 - 7200 = 2800

Advertising cost = 3000 

3000-2800 = -200 

cost of setting up social media pages 2000 plus advertising deficit is 2200

if profit made after 4 month is 2800

profit made after next 4 months 2800 - 2200 = 600

from here on its all about the money....

Risks, you might loose your money if there is no determination and self accountability.

Things might not go as planned and you will give up half way

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