Some number of readers think a 60 year old Ghanaian should invest in the Money Market other than the capital market. Although, it’s wise for a 60 year old to invest in the money market (to put the hard-earned money to less risk), I wont, even if I’m 60 years. I’ve grown to understand and appreciate the growth potentials of the Ghanaian capital market, and since my children will continue after me, I’ll rather hold a 70-30 portfolio in favour of the capital market.
|Result in favour of the Money Market|
The Money Market:
A segment of the financial market in which financial instruments with high liquidity and very short maturities are traded. The money market is used by participants as a means for borrowing and lending in the short term, from several days to just under a year. Money market securities consist of negotiable certificates of deposit (CDs), bankers acceptances, Treasury bills, commercial paper, municipal notes, federal funds and repurchase agreements. ( courtesy: investopedia).
Learn how to invest in the Money market in Ghana and find out the Various Types of investments in Ghana with respect to the Ghanaian Money market.