Compound interest allows money to grow exponentially by earning interest on both the initial principal and accumulated interest. A $1,000 deposit at a 4% annual rate grows to $1,040 in one year, then ...

One area of learning that often gets overlooked is the knowledge of how spending habits can affect lives over the long term.

By Ephraim Ofori NUMOSUOR If there is one financial principle that every Ghanaian seeking to maximise his/her investment should embrace, it is the power of compound interest. Often called the “eighth ...